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Punjab To Adopt & Implement Odisha’s Model Of PACS, Core Banking In Cooperative Societies


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31 July 2019

Debashish Maharana


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Bhubaneswar: As Odisha has made a mark in the Cooperative sector and its PACS and computerization system has been reaping benefits to the farmers, an agriculturally rich and experienced State of Punjab deemed it fit and proper to adopt and implement Odisha’s model in its Cooperation Department.

Thus, a high level team from Punjab Government headed by their Cooperation Minister Sukhbindar Singh Randhawa toured Odisha today to learn the system and process being implemented here in our State. They discussed the significant matter with Odisha Cooperation Minister Ranendra Pratap Swain in his Assembly chamber here today.

In his media reactions, Punjab Cooperation Minister Sukhbindar Singh Randhawa said, “I discussed with Ranendra ji and gathered knowledge of the Cooperation Department’s activities, its PACS, Societies and Cooperative banks. Also came here to see the computerization system.”

“We are going to adopt the system in use here. It will bring transparency and enable the Societies and Cooperation Department of Punjab to run well and smoothly. Punjab’s Cooperation is the backbone of Punjab’s economy,” he declared.

He also stated, “We have MARFED, Marketing, Sugarfed for the sugar factories and also a very big institution of Milkfed. Our farmers reaps immense benefits from them. Whatever we are adopting from here, I’ll be implementing the system in Punjab very soon.”    

In his reactions, Odisha Cooperation Minister Ranendra Pratap Swain said, “The Core Banking system of Odisha Cooperation Department is the best in the country. The delegation toured here to replicate it in Punjab. He (Punjab Cooperation Department) has come, we welcome him to Odisha. He has gone around the places, to our institutions. Our system is a robust system. Hence, we are happy that our system has been appreciated and adopted by the NITI Aayog and it is to be tried in other States. It is a bilateral understanding.”

“We have discussed a lot with our Punjab counterpart. Formally or non-formally we have to create a pressure group of the Cooperation Ministers of the States because different States have different problems. Central Government’s suo motu pressure on us will not do. Punjab’s marketing is the most robust system in the country. Hence, we also discussed how to implement it here in our State. Today’s exercise done is better for the people of Odisha,” the Minister averred.

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Sukhbindar Singh Randhawa, Minister, Cooperation, Punjab

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Ranendra Pratap Swain, Minister, Cooperation, Odisha