NCDC ASSURES FINANCIAL HELP FOR MODERNIZATION OF PUNJAB COOP INSTITUTIONS- DP REDDY
Chandigarh 21 March: National Cooperative Development Corporation (NCDC), New Delhi has assured to provide financial assistance for modernization and upgradation of projects to be implemented in various cooperative institutions of Punjab including Sugarfed, Markfed and Milkfed for which the concerned departments have been asked to take immediate steps.
Disclosing this additional chief secretary cooperation Punjab DP Reddy informed that a meeting was held here today with the Managing Director NCDC Sundeep Kumar Nayak in this regard who have given assurance to make financial arrangements for the proposed projects of the state’s cooperative institutions.
He said on the directions of Punjab Chief Minister Captain Amarinder Singh the cooperative department has planned for upgradation and modernization to be undertaken in the milk plants, cooperative sugar mills and vanaspati ghee project. “This will improve the financial health of cooperative institutions which in turn directly benefit the farmers of the State”, he added.
Reddy said on the proposal of NCDC the cooperative department would send various proposals to the NCDC under its integrated cooperative development program to get financial assistance under bulk milk cooling, piggery, setting-up of cold chains and pack houses for Markfed and computerization of cooperative institutions to make them more progressive and viable.
He further added that MARKFED would also coordinate with the NCDC to get the credit limit for procurement of crops. Apart from this, cooperative department would draft plans for all the districts for the strengthening of rural economy of the state which would be forwarded to national cooperative development corporation for financial assistance. He said the concerned department have been asked to initiate necessary action in this regard.
Among others present in the meeting included special secretary cooperation Gaggandeep Singh Brar, registrar cooperative societies Arvinder Singh Bains and managing director Sugarfed Arun Sekhri.