Lok Sabha Question No. 1444 (UNSTARRED), answered on 2021-12-07
Subject: Irregularities in Co-operative Credit Societies
Ministry: COOPERATION
Asked by: Chandeshwar Prasad

## GOVERNMENT OF INDIA MINISTRY OF COOPERATION

## LOK SABHA UNSTARRED QUESTION NO.1444

TO BE ANSWERED ON 07 TH DECEMBER, 2021

## IRREGULARITIES IN CO-OPERATIVECREDIT SOCIETIES

1444.      SHRI CHANDESHWAR PRASAD:

Will the Minister of COOPERATION सहकारता मंी be pleased to state:

- (a) whether the Government is planning to take strict & stringent actions against the societies for the irregularities found in co-operative credit societies covered under multiState status working across the country and to recover and restore the funds to small investors who had invested their hard-earned money in such credit societies;
- (b) if so, the details thereof and
- (c) the  details  of  such  societies  which  have  been  found  so  far  in  various  State including the State of Bihar?

## ANSWER

MINISTER OF COOPERATION

सहकारता मंी (SHRI AMIT SHAH)

- (a) to (c):    Complaints have been received for non - repayment of funds against some of the multi-State credit cooperative societies. In case of delinquent societies, action for winding up is taken under Section 86 of the Multi State Cooperative Societies (MSCS) Act, 2002. State-wise list of such societies is at Annexure - I.

Annexure referred in Lok Sabha Unstarred Question No. 1444 for 07.12.2021 by Shri  Chandeshwar Prasad,  Hon'ble  MP regarding 'Irregularities  in  Co-operative Credit Societies'

## List of multi-State credit cooperative societies against whom action for winding up under Section 86 of the MSCS Act, 2002 has been taken

|   S.No. | Name of the Society                                                                         | State       |
|---------|---------------------------------------------------------------------------------------------|-------------|
|       1 | Silver Finance & Credit Cooperative Society Ltd., U.T. of Chandigarh                        | Chandigarh  |
|       2 | Adarsh Credit Cooperative Society Ltd., Ahmedabad, Gujarat                                  | Gujarat     |
|       3 | Rainbow Multi State Credit Cooperative Society ltd., Dhanbad, Jharkhand                     | Jharkhand   |
|       4 | The Pfizer Employees Co-operative Credit Society Limited, Mumbai, Maharashtra               | Maharashtra |
|       5 | BhandaraLaxmi Multi State Credit Co-operative Society Limited, Bhandara, Maharashtra        | Maharashtra |
|       6 | ShriMahalaxmi Multi State Coop. Credit Society Ltd., Mumbai, Maharashtra                    | Maharashtra |
|       7 | Shree Dhokeshwar Multi State Urban Cooperative Credit Society Ltd., Ahmednagar, Maharashtra | Maharashtra |
|       8 | ShubhKalyan Multi State Cooperative Credit Society ltd., Osmanabad, Maharashtra             | Maharashtra |
|       9 | Kolpe-Patil Multi State Cooperative Credit Society Ltd., Pune, Maharashtra                  | Maharashtra |
|      10 | Shrinath Multi State Urban Cooperative Credit Society Ltd., Ahmednagar, Maharashtra         | Maharashtra |
|      11 | AdityaAarthikNiyojan Multi State Cooperative Credit Society Ltd., Pune, Maharashtra         | Maharashtra |
|      12 | BhaichandHirachandRaisoni Multi State Cooperative Credit Society Ltd., Jalgaon, Maharashtra | Maharashtra |
|      13 | Success Valley Credit Cooperative Society Ltd., Shakarpur, Delhi                            | New Delhi   |
|      14 | Jyoti Credit & Savings SwablambiSahakariSamiti Ltd., Mathura Road, New Delhi                | New Delhi   |
|      15 | HBN Credit Cooperative Society Ltd., PashimVihar, New Delhi                                 | New Delhi   |
|      16 | Crown Credit Cooperative Society Ltd., Dwarka, Delhi                                        | New Delhi   |
|      17 | LokhitBharti Credit Cooperative Society Ltd., Najafgarh Road, New Delhi                     | New Delhi   |
|      18 | Eye Vision India Credit Cooperative Society Ltd., Shakarpur, Delhi                          | New Delhi   |
|      19 | Aadi Credit Cooperative Society Ltd., NetajiSubhash Palace, New Delhi                       | New Delhi   |
|      20 | Arthatatwa Multi State Credit Coop. Society Ltd., Bhubaneswar, Odisha                       | Odisha      |
|      21 | Swastik India Multi State Credit Cooperative Society ltd., Bhubaneswar, Odisha              | Odisha      |

|   22. | Mideast Multi State Credit Cooperative Society Ltd., Bhubaneswar, Odisha               | Odisha        |
|-------|----------------------------------------------------------------------------------------|---------------|
|    23 | Utkal Multi State Credit Cooperative Society Ltd., Bhubaneshwar, Odisha                | Odisha        |
|    24 | Sai Kishore Multi State Credit Cooperative Society Ltd., Bhubaneswar, Odisha           | Odisha        |
|    25 | Rajiv Gandhi Memorial Multi-State Credit Cooperative Society Ltd., Bhubaneswar, Odisha | Odisha        |
|    26 | SLB Multistate Credit Cooperative Society Ltd., Bhubaneshwar, Odisha                   | Odisha        |
|    27 | Vista Credit Cooperative Society Ltd., Bhubaneshwar, Odisha                            | Odisha        |
|    28 | Micro Finance Credit Cooperative Society Ltd., Bhubaneswar, Odisha                     | Odisha        |
|    29 | Green India Multi State Members Credit Cooperative Society Ltd., Ganjam, Odisha        | Odisha        |
|    30 | Bhavishya Credit Cooperative Society Ltd., Udaipur, Rajasthan                          | Rajasthan     |
|    31 | Marwar Urban Credit Cooperative Society Ltd., Barmer, Rajasthan                        | Rajasthan     |
|    32 | Arbuda Credit Cooperative Society Ltd., Dist. Sirohi, Rajasthan                        | Rajasthan     |
|    33 | Power Build Home Credit Cooperative Society Ltd. Jodhpur, Rajasthan                    | Rajasthan     |
|    34 | Sundaram Credit Cooperative Society Ltd., Sirohi, Rajasthan                            | Rajasthan     |
|    35 | Sanjivani Credit Cooperative Society Ltd., Barmer, Rajasthan                           | Rajasthan     |
|    36 | ShriKhoteshwar Urban Credit Cooperative Society Ltd., Sirohi, Rajasthan                | Rajasthan     |
|    37 | Bharti Credit Cooperative Society Ltd., Ajmer, Rajasthan                               | Rajasthan     |
|    38 | Capital Credit Cooperative Multi State Society Ltd., Firozabad, Uttar Pradesh          | Uttar Pradesh |
|    39 | Anant-Nidhi Credit Cooperative Society Limited, Lucknow, Uttar Pradesh                 | Uttar Pradesh |
|    40 | Gab GramyaVikas Credit Cooperative Society Ltd., Lucknow, Uttar Pradesh                | Uttar Pradesh |
|    41 | Prithvi Credit Cooperative Society Limited, Lucknow, Uttar Pradesh                     | Uttar Pradesh |
|    42 | Chakra Multi State Credit Cooperative Society Ltd., Kolkata, West Bengal               | West Bengal   |
|    43 | Rage Multi State Credit Cooperative Society Ltd., Dist. North 24 Parganas, West Bengal | West Bengal   |
|    44 | Universal Multi State Credit Cooperative Society Ltd., Kolkata, West Bengal            | West Bengal   |

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