Lok Sabha Question No. 383 (UNSTARRED), answered on 2023-12-05
Subject: Multi State Cooperative Societies
Ministry: COOPERATION
Asked by: Ramesh Chandra Majhi

## GOVERNMENT OF INDIA MINISTRY OF COOPERATION

## LOK SABHA UNSTARRED QUESTION NO. 383 TO BE ANSWERED ON 05/12/2023

## Multi State Cooperatives Societies

## 383: SHRI. RAMESH CHANDRA MAJHI:

Will the Minister of COOPERATION ( सहकाįरता मंũी ) be pleased to state:

- (a) the number of Multi State Co-operative Societies (MSCSs) registered in the country;
- (b) the number of the Co-operative societies out of the above which are functional along with the details thereof, State-wise;
- (c) the Co-operative Societies which have been provided grants for their development during the last five years and the current year along with the amount of funds provided in this regard year and State-wise including Odisha; and
- (d) the sectors in which the Government proposes to promote the Co-operatives in future?

## ANSWER

## THE MINISTER OF COOPERATION सहकाįरता मंũी (SHRI AMIT SHAH)

- (a) As on 30.10.2023, 1582 Multi State Cooperative Societies (MSCS) are registered under MSCS Act in the country. The state-wise details are enclosed herewith. (Annexure - 1)
- (b) Out of 1582 MSCS, 88 societies including banks are under liquidation. The state-wise details are enclosed herewith. (Annexure - 2)
- (c) The  details  of  grants  disbursed  by  National  Cooperative  Development  Corporation (NCDC) including to the state of Odisha and to cooperative societies is at Annexure - 3.
- (d) In order to realise the vision of 'Sahakar se Samriddhi', the Ministry of Cooperation has taken number of initiatives to strengthen the cooperatives from primary to apex level in consultation  with  various  Ministries  /  Departments  of  the  Government  of  India,  State Governments / Union Territory Administrations, Statutory and NonStatutory organisations such as National Bank for Agricultural and Rural Development, National Dairy  Development  Board,  National  Cooperative  Development  Corporation,  National Fisheries Development Board and National Level Federations.

A list of these initiatives and their progress is enclosed at Annexure - 4.

Table 1: List of registered Multi State Cooperative Societies in different states in the country under Multi State Co-operative Societies as on 30 th  October, 2023.

| Sl. No.   | State/UT Name          |   Societies |
|-----------|------------------------|-------------|
| 1         | ANDHRA PRADESH         |          22 |
| 2         | ARUNACHAL PRADESH      |           1 |
| 3         | ASSAM                  |           6 |
| 4         | BIHAR                  |          19 |
| 5         | CHANDIGARH             |           1 |
| 6         | CHHATTISGARH           |           8 |
| 7         | DADRA AND NAGAR HAVELI |           1 |
| 8         | GOA                    |           1 |
| 9         | GUJARAT                |          49 |
| 10        | HARYANA                |          21 |
| 11        | HIMACHAL PRADESH       |           1 |
| 12        | JAMMU AND KASHMIR      |           2 |
| 13        | JHARKHAND              |           9 |
| 14        | KARNATAKA              |          30 |
| 15        | KERALA                 |          40 |
| 16        | MADHYA PRADESH         |          29 |
| 17        | MAHARASHTRA            |         663 |
| 18        | MANIPUR                |           4 |
| 19        | NAGALAND               |           1 |
| 20        | NEWDELHI               |         161 |
| 21        | ODISHA                 |          19 |
| 22        | PONDICHERRY            |           5 |
| 23        | PUNJAB                 |          25 |
| 24        | RAJASTHAN              |          74 |
| 25        | SIKKIM                 |           1 |
| 26        | TAMIL NADU             |         133 |
| 27        | TELANGANA              |          13 |
| 28        | UTTAR PRADESH          |         168 |
| 29        | UTTARAKHAND            |           5 |
| 30        | WEST BENGAL            |          70 |
|           | Total                  |        1582 |

## State  -  wise  list  of  number  of  Multi-State  Cooperative  Societies,  which  are  under liquidation

| Name of State    |   No. of MSCS |
|------------------|---------------|
| Andhra Pradesh   |             2 |
| Bihar            |             1 |
| Delhi            |            11 |
| Gujarat          |             2 |
| Jharkhand        |             1 |
| Maharashtra      |            13 |
| Odisha           |            11 |
| Punjab           |             1 |
| Rajasthan        |            19 |
| Tamil Nadu       |             3 |
| Telangana        |             2 |
| Uttar Pradesh    |             9 |
| UT of Chandigarh |             1 |
| West Bengal      |             5 |
| Total            |            81 |

## State - wise list of number of Multi-State Cooperative Banks, which are under liquidation

| Name of State   |   No of Cooperative Bank |
|-----------------|--------------------------|
| Goa             |                        1 |
| Gujarat         |                        2 |
| Maharashtra     |                        4 |
| Total           |                        7 |

The details of grants disbursed by National Cooperative Development Corporation (NCDC) including to the state of Odisha and to cooperative societies

## (Amount in Cr.)

| Financial Year             |   Amount Disbursed |   Amount disbursed in State of Odisha |
|----------------------------|--------------------|---------------------------------------|
| 2018-19                    |             132.13 |                                  0.32 |
| 2019-20                    |             134.27 |                                  0.37 |
| 2020-21                    |             311.67 |                                  0.16 |
| 2021-22                    |             281.99 |                                  0.54 |
| 2022-23                    |             518.1  |                                  1.61 |
| 2023-24 (as on 29-11-2023) |              44.66 |                                  1.72 |

The detailed list of Societies year-wise.is attached.

## Ministry of Cooperation

Ministry of Cooperation, since its inception on 6 th July, 2021, has undertaken several initiatives to realize the vision of 'Sahakar-se-Samriddhi' and to strengthen & deepen the cooperative movement from Primary to Apex level Cooperatives in the country. List of initiatives taken and progress made so far are as follows:

## A. Making Primary Cooperatives economically vibrant and transparent

1. Model  Bye-Laws  for  PACS  making  them  multipurpose,  multidimensional  and transparent  entities :  Government,  in  consultation  with  all  the  stakeholders,  including States/ UTs, National Level Federations, State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs), etc., has prepared and circulated Model Byelaws for PACS to all the States/ UTs, which enable PACS to undertake more than 25 business activities, improve governance, transparency and accountability in their operations. Provisions have also been made to make the membership of PACS more inclusive and broad-based, giving adequate representation to women and Scheduled Castes/Schedules Tribes. Model Byelaws have been adopted by 31 States/ UTs so far.
2. Strengthening of PACS through Computerization : In order to strengthen PACS, project for  Computerization of  63,000  functional  PACS with  a  total  financial  outlay  of  ₹2,516 Crore has been approved by the Government of India, which entails bringing all functional PACS in the Country onto a common ERP based national software, linking them  with NABARD through StCBs and DCCBs. A total of 62,318 PACS from 28 States/ UTs have been sanctioned under the project. Software is ready and trials have already started in 5,673 PACS in 26 States/ UTs so far.
3. New Multipurpose PACS/ Dairy/ Fishery Cooperatives in uncovered Panchayats : A proposal  has  been  approved by  the  Government  to  set  up  new  multi-purpose  PACS or primary dairy/ fisheries  cooperatives  covering every Panchayat/ village in the next five years,  with  support  of  NABARD,  NDDB,  NFDB,  NCDC  and  other  National  level Federations. As reported by the States/ UTs, the process for registering 9,961 new PACS/ Dairy/ Fishery cooperative societies in 23 States/ UTs is in various stages.
4. World's Largest Decentralized Grain Storage Plan in Cooperative sector : Government has approved a plan to create warehouses, custom hiring centres, primary processing units

## Annexure-4

and other agri-infra for grain storage at PACS level, by converging various schemes of Government such as AIF, AMI, SMAM, PMFME, etc. This will reduce wastage of food grains and transportation costs, enable farmers to realize better prices for their produce and meet various agricultural needs at the PACS level itself. 22 States/ UTs and National level Cooperative Federations such as National Cooperative Consumers Federation (NCCF) and National Agricultural  Cooperative  Marketing  Federation  of  India  Ltd.  (NAFED),  have identified 1,711 PACS for creation of storage capacity under the Pilot Project. At present, construction is going in 13 PACS of 13 States/ UTs under the Pilot Project.

5. PACS as Common Service Centers (CSCs) for better access to e-services :  MoU has been signed between Ministry of Cooperation, MeitY, NABARD and CSC e-Governance Services India Limited for providing more than 300 e-services such as banking, insurance, Aadhar enrolment/ updation, health services, PAN card and IRCTC/ Bus/ Air ticket, etc. through  PACS.  So  far,  24,470  PACS  have  started  providing  CSC  services  to  the  rural citizens which will also result in increase in income of those PACS at the same time.
6. Formation of new Farmer Producer Organizations (FPOs) by PACS : Government has allowed 1,100 additional FPOs to be formed by PACS with the support of NCDC, in those blocks where FPOs have not yet been formed or the blocks are not covered by any other implementing agency. This will be helpful in providing the farmers with necessary market linkage and get fair and remunerative prices for their produce.
7. PACS given priority for Retail Petrol/ Diesel outlets : Government has allowed PACS to be included in the Combined Category 2 (CC2) for allotment of retail petrol/ diesel outlets. As per information received from Oil Marketing Companies (OMCs), a total of 228 PACS have applied online for retail petrol/ diesel outlets.
8. PACS given permission to convert bulk consumer petrol pumps into retail outlets : Based on the discussions with the Ministry of Petroleum and Natural Gas, guidelines have been issued to convert the existing bulk consumer licensee PACS into retail outlets for increasing the profit of PACS and generate employment opportunities in rural areas. 109 PACS from 5 States having wholesale consumer pumps have given consent for conversion into Retail Outlets, out of which 43 PACS have received Letter of Intent (LOI) from the OMCs.
9. PACS eligible for LPG Distributorship for diversifying its activities : Government has now allowed PACS to apply for LPG Distributorships. This will give PACS an option to

increase their economic activities and create new employment opportunities in rural areas. Two locations have already been advertised in the State of Jharkhand.

10. PACS  as  PM  Bharatiya  Jan  Aushadhi  Kendra  for  improving  access  to  generic medicines  at  rural  level :  Government  is  promoting  PACS  to  operate  Pradhan  Mantri Bhartiya Janaushadhi Kendras which will provide additional income source to them and provide easy access of generic medicines to rural citizens. So far, 4,289 PACS/ cooperative societies have applied online for PM Janaushadhi Kendras, out of which 2,293 PACS have been given initial approval also.
11. PACS  as  Pradhan  Mantri  Kisan  Samriddhi  Kendras  (PMKSK): Government  is promoting PACS to operate PMKSK for ensuring easy accessibility of fertilizer & related services to farmers in the country. As per the information shared by States/ UTs, 28,648 PACS are functioning as PMKSK so far.
12. Convergence of PM-KUSUM at PACS level : Farmers associated with PACS can adopt solar agricultural water pumps and install photovoltaic modules in their farms.
13. PACS to carry out O&M of rural piped water supply schemes (PWS) : In order to utilize the reach of PACS in rural areas, on the initiative of the Ministry of Cooperation, Ministry of  Jal  Shakti  has  made  PACS  as  eligible  agencies  to  carry  out  the  Operations  & Maintenance (O&M) of PWS in rural areas. As per information received from States/ UTs, 1,381 PACS have been identified by 12 States/ UTs to provide O&M services at Panchayat/ Village level.
14. Micro-ATMs to Bank Mitra Cooperative Societies for providing doorsteps financial services : Dairy and Fisheries cooperative societies can be made Bank Mitras of DCCBs and StCBs to ensure their ease of doing business, transparency and financial inclusion, Micro-ATMs are also being given to these Bank Mitra Co-operative Societies with support from NABARD to provide 'Door Step Financial Services'. As a pilot project, 1,723 MicroATMs  have  been  distributed  to  Bank  Mitra  cooperative  societies  in  Panchmahal  and Banaskantha Districts of Gujarat.
15. Rupay Kisan Credit Card to Members of Milk Cooperatives : In order to expand the reach  of  DCCBs/  StCBs  and  to  provide  necessary  liquidity  to  the  members  of  Dairy Cooperative  societies,  Rupay  Kisan  Credit  Cards  (KCCs)  are  being  distributed  to  the members of cooperatives for providing credit  at comparatively lower interest  rates  and

enable  other  financial  transactions.  As  a  pilot  project,  73,503  Rupay  KCC  have  been distributed in Panchmahal and Banaskantha Districts of Gujarat.

16. Formation of Fish Farmer Producer Organization (FFPO) : In order to provide market linkage  and  providing  processing  facilities  to  the  fishermen,  NCDC  has  registered  69 FFPOs  in  the  initial  phase.  Department  of  Fisheries,  Government  of  India  has  further allocated conversion of 1000 existing fisheries cooperative societies into FFPOs to NCDC, with an approved outlay of Rs 225.50 crore.

## B. Strengthening the Urban and Rural Cooperative Banks

17. UCBs have been allowed to open new branches to expand their business: UCBs can now open new  branches  up  to  10%  (maximum  5  branches)  of  the  existing  number  of branches in the previous financial year without prior approval of RBI.
18. UCBs have been allowed by RBI to offer doorstep services to their customers: Door step banking facility can now be provided by the UCBs. Account holders associated with these banks can now avail various banking facilities at home such as cash withdrawal, cash deposit, KYC, demand draft and life certificate for pensioners, etc.
19. Cooperative banks have been allowed to make one-time settlement of outstanding loans, like Commercial Banks: Co-operative banks, through board-approved policies, can now provide process for technical write-off as well as settlement with borrowers.
20. Time limit increased to achieve Priority Sector Lending (PSL) targets given to UCBs : RBI has extended the timeline for UCBs to achieve Priority Sector Lending (PSL) targets by two years i.e., up to March 31, 2026.
21. A Nodal Officer designated in RBI for regular interaction with UCBs : In order to meet the long pending demand of the cooperative sector for closer coordination and focused interaction, RBI has notified a nodal officer as well.
22. Individual housing loan limit more than doubled by RBI for Rural and Urban Cooperative Banks:
- a. Housing loan limit of Urban cooperative banks have now been doubled from Rs 30 lakh to Rs 60 lakh.
- b. Housing loan limit of Rural cooperative banks has been increased to two and a half times to Rs 75 lakh.
23. Rural  Co-operative  Banks  will  now  be  able  to  lend  to  commercial  real  estate/ residential housing sector, thereby diversifying their business : This will not only help Rural  co-operative  banks  to  diversify  their  business,  but  benefit  Housing  co-operative societies also.
24. License fee reduced for Cooperative Banks :  License  fee  for  onboarding  Cooperative Banks to 'Aadhaar Enabled Payment System' (AePS) has been reduced by linking it to the number of transactions. Cooperative financial institutions will also be able to get the facility free of cost for the first three months of the pre-production phase. With this, farmers will now be able to get the facility of banking at their home with their fingerprints.
25. Non-scheduled UCBs, StCBs and DCCBs notified as Member Lending Institutions (MLIs) in CGTMSE Scheme to increase the share of cooperatives in lending: The cooperative banks will now be able to take advantage of risk coverage up to 85 percent on the loans given. Also, cooperative sector enterprises will also be able to get collateral free loans from co-operative banks now.
26. Notification of Scheduling norms for including Urban Co-operative Banks: UCBs that meet the 'Financially Sound and Well Managed' (FSWM) criteria and have maintained the minimum deposits required for classification as Tier 3 for the last two years are now eligible to be included in Schedule II of the Reserve Bank of India Act 1934 and get 'Scheduled' status.
27. Monetary ceiling doubled by RBI for Gold Loan: RBI has doubled monetary ceiling from Rs. 2 lakh to Rs.4 lakh, for those UCBs that meet the PSL targets.
28. Umbrella Organization for Urban Cooperative Banks : RBI has accorded approval to the National Federation of Urban Co-operative Banks and Credit Societies Ltd. (NAFCUB) for the formation of an Umbrella Organization (UO) for the UCB sector, which will provide necessary IT infrastructure and operation support to around 1,500 UCBs.

## C. Relief to Cooperative Societies in the Income Tax Act

29. Surcharge reduced from 12 % to 7% for co-operative societies having income between Rs. 1 to 10 Cr.: This will reduce the burden of Income Tax on Cooperative Societies and more capital will be available with them to work for the benefit of their members.
30. MAT reduced for cooperatives from 18.5% to 15%: With this provision, now there is parity between Cooperative Societies and Companies in this regard.
31. Relief in cash transactions under section 269ST of the Income Tax Act: In  order  to remove difficulties in cash transactions by cooperatives under Section 269ST of IT Act, Government has issued a clarification that cash transaction of less than Rs. 2 lakhs done by a cooperative society with its distributor in a day will be considered separately, and will not be charged with income tax penalty.
32. Tax cut for new manufacturing Cooperative societies: Government has decided that a flat lower tax rate of 15% will be charged, compared to an earlier rate of up to 30% plus surcharge, for new cooperatives commencing manufacturing activities by March 31, 2024. This will encourage the formation of new cooperative societies in the manufacturing sector.
33. Increase  in  limit  of  Cash  Deposits  and  Cash  Loans  by  PACS  and  PCARDBs: Government  has  enhanced  the  limit  for  Cash  Deposits  and  Cash  Loans  by  PACS  and Primary  Cooperative Agriculture  and  Rural  Development  Banks  (PCARDBs)  from  Rs 20,000 to Rs 2 lakh per member. This provision will facilitate their activities, increase their business and benefit members of their societies.
34. Increase  in  the  limit  of  Tax  Deducted  at  Source  (TDS)  in  Cash  Withdrawal: Government  has  increased  the  cash  withdrawal  limit  of  cooperative  societies  without deduction of tax at source from Rs.1 crore to Rs.3 crore per year. This provision will save Tax Deducted at Source (TDS) for cooperative societies, which will enhance liquidity of the cooperative society.

## D. Revival of Cooperative Sugar Mills

35. Relief  from  Income  Tax  to  Sugar  Cooperative  Mills :  Government  has  issued  a clarification that Sugar cooperative mills would not be subjected to additional income tax for paying higher sugarcane prices to farmers up to Fair and Remunerative or State Advised Price, from April, 2016 onwards.
36. Resolution of decades old pending issues related to Income Tax of Sugar Cooperative Mills :  Government  has  made  a  provision  in  its  Union  Budget  2023-24,  wherein  Sugar cooperatives  have  been  allowed  to  claim  as  expenditure  their  payments  to  sugarcane farmers  for  the  period  prior  to  assessment  year  2016-17,  giving  a  relief  of  more  than Rs.10,000 crores.
37. Rs. 10,000 crore loan scheme launched for strengthening of Sugar Cooperative Mills : Government  has  launched  a  scheme  through  NCDC  for  setting  up  ethanol  plants  or cogeneration plants or for working capital or for all three purposes. Loan amount of Rs. 3,010 cr. has been sanctioned by NCDC to 24 Cooperative Sugar Mills so far.
38. Preference to Cooperative Sugar Mills in purchase of ethanol : Cooperative Sugar Mills have now been put at par with private companies for ethanol procurement by Government of India under the Ethanol Blending Programme (EBP).
39. Reduction in GST on molasses from 28% to 5%: Government has decided to reduce the GST on molasses from 28% to 5% which will enable cooperative sugar mills to earn more profits for its members by selling molasses to distilleries with higher margins.

## E. Three new Multi-State Societies at the National Level

40. New National Multi-State Cooperative Seed Society for certified seeds :  Government has established a new apex multi-state cooperative seed society under the MSCS Act, 2002, namely Bharatiya Beej Sahakari Samiti Limited (BBSSL) as an umbrella organization for quality  seed  cultivation,  production  and  distribution  under  a  single  brand.  BBSSL  has received  8,200  PACS/  cooperative  societies  applications  from  27  States/  UTs  for membership so far.
41. New  National  Multi-State Cooperative Organic Society for  organic  farming : Government has established a new apex multi-state cooperative organic society under the MSCS Act, 2002, namely National Cooperative Organics Limited (NCOL) as an umbrella organization to produce, distribute  and  market  certified  and  authentic  organic  products. NCOL has received 2,475 PACS/ cooperative societies applications from 24 States/ UTs for membership so far. 6 organic products have already been launched by NCOL so far.
42. New  National  Multi-State  Cooperative  Export  Society  for  promoting  exports : Government has established a new apex multi-state cooperative export society under the MSCS Act, 2002, namely National Cooperative Export Limited (NCEL) as an umbrella organization to give thrust to exports from cooperative sector. NCEL has received 2,625 PACS/ cooperative societies applications from 22 States/ UTs for membership so far. Till date, NCEL has got permission to export 14.92 LMT rice to 16 countries and 50,000 MT sugar to 2 countries.

## F. Capacity Building in Cooperatives

43. Establishment  of  the  Cooperative  University: Steps  are  being  taken  by  Ministry  of Cooperation for setting up of a National Cooperative University for Cooperative education, training, consultancy, research and development and a sustainable and quality supply of trained manpower.
44. Promotion  of  training  and  awareness  through  National  Council  for  Cooperative Training (NCCT) : By increasing its reach, NCCT has conducted 3,287 training programs and provided training to 2,01,507 participants in FY 2022-23.

## G. Use of Information Technology for 'Ease of Doing Business'

45. Computerization of the Central Registrar's Office : Central Registrar's office has been computerized to create a digital ecosystem for Multi-State Cooperative Societies, which will assist in processing applications and service requests in a time bound manner.
46. Scheme for computerization of office of  RCSs in States and Union Territories :  To increase 'Ease of doing business' for Cooperative Societies and create a digital ecosystem for transparent paperless regulation in all States/Union Territories, a Centrally Sponsored Project for computerization of RCS Offices has been approved by the Government. Grants will be provided for purchase of hardware, development of software, etc. to the States/ UTs.
47. Computerization  of  Agriculture  and  Rural  Development  Banks  (ARDBs) :  To strengthen the Long-term Cooperative Credit structure, the project of computerization of 1,851 units of Agriculture and Rural Development Banks (ARDBs) has been approved by the Government. NABARD is the implementing agency for the project and will develop a national  level  software  for ARDBs.  Hardware,  support  for  Digitization  of  legacy  data, training to the employees, etc. will be provided under the project.

## H. Other Initiatives

48. New National Cooperative Database for authentic and updated data repository : A database  of  cooperatives  in  the  country  has  been  prepared  with  the  support  of  State Governments to facilitate stakeholders in policy making and implementation of programmes/ schemes related to cooperatives across the country. So far, data of around 7.86 lakh cooperatives has been captured in the database.
49. Formulation  of  New  National  Cooperative  Policy :  A  National level  committee comprising  49  experts  and  stakeholders  drawn  from  all  over  the  Country  has  been constituted  to  formulate  the  New  National  Cooperative  Policy  for  enabling  a  vibrant ecosystem to realize the vision of 'Sahakar-se-Samriddhi'.
50. Multi-State  Co-operative  Societies  (Amendment)  Act,  2023 :  Amendment  has  been brought in the MSCS Act, 2002 to strengthen governance, enhance transparency, increase accountability, reform electoral process and incorporate provisions of 97 th Constitutional Amendment in the Multi State Cooperative Societies.
51. Inclusion of Cooperatives as 'buyers' on GeM portal :  Government has permitted the cooperatives to register as 'buyer' on GeM, enabling them to procure goods and services from  nearly  over  67  lakh  vendors  to  facilitate  economical  purchases  and  greater transparency. So far, 559 cooperative societies have been onboarded on GeM as buyers.
52. Expansion of National Cooperative Development Corporation (NCDC) to increase its range  and  depth :  NCDC  has  launched  new  schemes  in  various  sectors  such  as 'Swayamshakti  Sahkar'  for SHGs;  'Deerghavadhi  Krishak  Sahkar'  for  long term agricultural credit and 'Dairy Sahkar' for dairy. Total financial assistance of Rs. 41,024 Crores has been disbursed by NCDC in FY 2022-23, which is almost 20% higher than the disbursement of Rs.34,221 crore in 2021-22. Government of India has permitted NCDC to issue  bonds worth ₹2000 crore with government guarantee, subject to the adherence of specified terms and conditions. Further, NCDC is setting up sub-offices in 6 North Eastern States - Arunachal Pradesh, Meghalaya, Mizoram, Manipur, Nagaland and Tripura with the  objective  of  taking  various  national  schemes  to  the  cooperative  societies  at  their doorstep.
53. Financial assistance by NCDC for Deep Sea Trawlers :  NCDC is providing financial assistance for projects related to deep sea trawlers in coordination with the Department of Fisheries, Government of India. NCDC has already sanctioned financial assistance of Rs 20.30 crore for purchase of 14 deep sea trawlers for the Fisheries Cooperative Societies of Maharashtra.
54. Refund to Investors of Sahara Group of Societies :  A portal has been launched for making payments  to  the  genuine  depositors  of  the  cooperative  societies  of  Sahara  Group  in  a
8. transparent  manner.  Disbursement  have  already  started  after  proper  identification  and submission of proof of their deposits and claims.
9. *****