India News | Maha Govt to Form Expert Panel for Transparency in Co-op Credit Societies
Get latest articles and stories on India at LatestLY. A committee of experts will be set up to prevent financial irregularities in credit societies and ensure that depositors get their money, Maharashtra Cooperation Minister Atul Save told the state legislative Assembly on Friday.
Mumbai, Mar 3 (PTI) A committee of experts will be set up to prevent financial irregularities in credit societies and ensure that depositors get their money, Maharashtra Cooperation Minister Atul Save told the state legislative Assembly on Friday.
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Responding to a debate on the issue raised through a Calling Attention notice, the minister said a committee of experts from the cooperative field will be set up in 15 days and it will work to resolve problems faced by credit societies.
The issue was raised by the Congress' Balasaheb Thorat and others.
The state has a proposal to provide protection to deposits up to Rs 50,000 and it will be finalised after a discussion with all the stakeholders, Save said.
Thorat had demanded a committee to ensure transparency in the functioning of credit societies.
Cooperative credit societies were a movement for progress and development of common man, he said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)