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India Gazette
20-05-2025
- Business
- India Gazette
Yogi Adityanath lays foundation for Rs 724 crore development projects in Kasganj
Kasganj (Uttar Pradesh) [India], May 20 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday participated in the foundation laying ceremony of various development projects worth Rs 724 crore in Kasganj district. Speaking at the event, CM Yogi lauded the strength of the Indian Army under Prime Minister Narendra Modi's leadership. 'Under Prime Minister Modi's guidance, India's brave soldiers have defeated Pakistan. If we did not have a strong army, how would the people of the country have remained safe in the presence of enemies like Pakistan? Pakistan is pleading with the world to spare it once. This is because, under Prime Minister Modi's leadership in the last 10 years, work has been done to modernise and strengthen the army. Continuous efforts have been made, and this is the reason why the Indian Army is always ready to face any enemy. If the enemy dares to do something, then the Indian Army has the full capability to enter its home, kill, and destroy it,' CM Yogi said. CM Yogi Adityanath inaugurated and inspected police barracks and an auditorium in the Kasganj Police Line. Earlier on Monday, Yogi Adityanath chaired a crucial review meeting of the Cooperation Department, emphasizing the need to provide easy and affordable loans to small and marginal farmers. During the meeting, the Chief Minister stressed that prosperity will come through cooperation and called for a detailed action plan for the 'Mukhyamantri Krishak Samriddhi Yojana.' He directed the enhancement of the loan distribution capacity of cooperative banks and the modernisation of their branches. CM Yogi also urged to increase storage capacity and promote private investment, indicating significant reforms in the cooperative policy. Highlighting achievements, he said that in eight years, by 2025, cooperative banks' loan distribution crossed Rs 23,000 crore- a noteworthy milestone. The digital transformation of MPACS committees is progressing rapidly, with computerisation work ongoing for over 5,000 committees. Further, the Chief Minister instructed that direct recruitment in the cooperative sector will be done through IBPS to improve services. He also announced the construction of warehouses with a capacity of 500-1000 metric tons and preparations underway in 16 districts for the grain storage scheme. CM Yogi Adityanath concluded, 'Through cooperation alone will the dream of a self-reliant farmer be realised.' (ANI)
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Business Standard
19-05-2025
- Business
- Business Standard
Cooperative bank loan disbursal crosses Rs 23K cr in 8 years in UP: CM Yogi
Uttar Pradesh Chief Minister Yogi Adityanath on Monday termed the rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years as a remarkable achievement and underscored the role of cooperatives in empowering farmers and realising the vision of a self-reliant rural economy. Only through cooperatives, the dream of a self-reliant farmer can be realised. Rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years is a remarkable achievement, the Chief Minister said while directing officials to roll out the Mukhyamantri Krishak Samriddhi Yojana, aimed at increasing the income and economic empowerment of small and marginal farmers in the state. Chairing a high-level review meeting of the Cooperation Department, Adityanath called for enhanced participation of NABARD and cooperative banks in the proposed scheme. He said the scheme must be implemented in a time-bound and effective manner, with an emphasis on modernising cooperative bank branches and ensuring easy access to affordable credit for farmers. The Chief Minister also stressed the need for a detailed project proposal to be prepared and submitted at the earliest. Reviewing the overall performance of cooperative institutions, he directed that transparency, efficiency, and farmer income enhancement must remain key priorities. According to data presented during the meeting, the Uttar Pradesh Cooperative Bank Limited's loan disbursement rose from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while net profit touched Rs 100.24 crore. District cooperative banks' total business expanded from Rs 28,349 crore to Rs 41,234 crore, recording a net profit of Rs 162 crore during the same period. Between 2017 and 2025, the state disbursed Rs 11,516 crore as crop loans and Rs 393 crore as long-term loans. Fertiliser distribution stood at 34.45 lakh metric tonnes, paddy procurement at 25.53 lakh metric tonnes, and procurement of pulses and oilseeds at 1.94 lakh metric tonnes. To boost storage infrastructure, 375 warehouses with a total capacity of 37,500 MT have been constructed under the Agriculture Infrastructure Fund. 1,060 warehouses with a combined capacity of 1,17,350 MT have been established under the Rashtriya Krishi Vikas Yojana since 2017. For 2025-26, the construction of 100 new warehouses is planned, the statement said. The Chief Minister instructed officials to frame a policy to encourage private sector participation in expanding storage capacity. He also called for reforms in the functioning of PCF (Pradeshik Cooperative Federation) and timely payments to rice millers. To address staffing shortages, Adityanath directed expediting recruitment for banking and non-banking positions in cooperative institutions through the Institute of Banking Personnel Selection (IBPS), aimed at improving operational efficiency and service quality. On cyber security, it was noted that UP Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's Core Banking Solution (CBS) cloud platform. Cooperative institutions must be made self-reliant while ensuring that farmers have access to technology, credit, and markets, Adityanath said.
India Gazette
19-05-2025
- Business
- India Gazette
UP CM Yogi Adityanath holds review meeting of Cooperation department
Lucknow (Uttar Pradesh) [India], May 19 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Monday chaired a crucial review meeting of the Cooperation Department, emphasizing the need to provide easy and affordable loans to small and marginal farmers. During the meeting, the Chief Minister stressed that prosperity will come through cooperation and called for a detailed action plan for the 'Mukhyamantri Krishak Samriddhi Yojana.' He directed the enhancement of loan distribution capacity of cooperative banks and modernization of their branches. CM Yogi also urged to increase storage capacity and promote private investment, indicating significant reforms in the cooperative policy. Highlighting achievements, he said that in eight years, by 2025, cooperative banks' loan distribution crossed Rs 23,000 crore- a noteworthy milestone. The digital transformation of MPACS committees is progressing rapidly, with computerization work ongoing for over 5,000 committees. Further, the Chief Minister instructed that direct recruitment in the cooperative sector will be done through IBPS to improve services. He also announced the construction of warehouses with a capacity of 500-1000 metric tons and preparations underway in 16 districts for the grain storage scheme. CM Yogi Adityanath concluded, 'Through cooperation alone will the dream of a self-reliant farmer be realized.' Meanwhile, Union Home and Cooperation Minister Amit Shah on Sunday addressed the Maha Sammelan on the 'Role of Cooperatives in Building a Viksit Bharat' organised by Gujarat State Cooperative Federation in Ahmedabad. Many dignitaries, including Gujarat Chief Minister Bhupendra Patel, were present on the occasion. In his address, Shah said that the United Nations has decided to celebrate 2025 as the International Year of Cooperatives. He said that the word cooperative is as relevant today for the whole world as it was in the year 1900, according to an official release from the Ministry of Cooperation. Shah said that under the leadership of Prime Minister Narendra Modi, a major effort to revive the cooperative movement in India began in 2021, and that is why the decision was made to launch the International Year of Cooperatives from India. The Union Minister said that under the initiative started in 2021 under the leadership of Prime Minister Modi, two guiding principles -- 'Sahkar se Samriddhi' and The Role of Cooperation in Viksit Bharat -- were presented to the nation. As part of that initiative, this cooperative conference is being organised in Gujarat. He stated that the cooperative sector cannot be strengthened unless the benefits of the changes in this sector reach the grassroots level -- to Primary Agricultural Credit Societies (PACS) and farmers. Shah emphasized that this is why it is essential to promote cooperative institutions. We must strive to bring awareness, training, and transparency to all types of cooperative institutions. The Union Minister of Cooperation said that during the International Cooperative Year, the Government of India has emphasized on 'Science of Cooperation' and 'Science in Cooperation'. He said that our cooperative movement which started in the country during the freedom movement had gradually declined and nearly disappeared in large parts of the country. He said it is the responsibility of all to expand the cooperative movement to every state and district. Additionally, the condition of primary cooperative societies in every state should improve, district-level institutions should be strengthened, and through them, the cooperative framework at the state and national levels should also be reinforced. Shah further stated that a fourth tier has been added to the long-standing global three-tier cooperative structure. He emphasized that it is essential to expand cooperation across the entire country by strengthening national institutions related to every cooperative activity, state-level cooperative institutions, district-level institutions, and primary cooperative societies in every sector. He said that we must utilize the International Year of Cooperatives to achieve this. (ANI)
Time of India
19-05-2025
- Business
- Time of India
Cooperative bank loan disbursal crosses Rs 23,000 cr in 8 years in UP: CM Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath on Monday termed the rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years as a "remarkable achievement" and underscored the role of cooperatives in empowering farmers and realising the vision of a self-reliant rural economy. "Only through cooperatives, the dream of a self-reliant farmer can be realised. Rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years is a remarkable achievement," the Chief Minister said while directing officials to roll out the Mukhyamantri Krishak Samriddhi Yojana , aimed at increasing the income and economic empowerment of small and marginal farmers in the state. Chairing a high-level review meeting of the Cooperation Department, Adityanath called for enhanced participation of NABARD and cooperative banks in the proposed scheme. He said the scheme must be implemented in a time-bound and effective manner, with an emphasis on modernising cooperative bank branches and ensuring easy access to affordable credit for farmers. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chi phí cấy ghép răng là bao nhiêu vào năm 2025 (kiểm tra giá) Cấy ghép răng | Quảng cáo tìm kiếm Undo The Chief Minister also stressed the need for a detailed project proposal to be prepared and submitted at the earliest. Reviewing the overall performance of cooperative institutions, he directed that transparency, efficiency, and farmer income enhancement must remain key priorities. Live Events According to data presented during the meeting, the Uttar Pradesh Cooperative Bank Limited's loan disbursement rose from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while net profit touched Rs 100.24 crore. District cooperative banks' total business expanded from Rs 28,349 crore to Rs 41,234 crore, recording a net profit of Rs 162 crore during the same period. Between 2017 and 2025, the state disbursed Rs 11,516 crore as crop loans and Rs 393 crore as long-term loans. Fertiliser distribution stood at 34.45 lakh metric tonnes, paddy procurement at 25.53 lakh metric tonnes, and procurement of pulses and oilseeds at 1.94 lakh metric tonnes. To boost storage infrastructure, 375 warehouses with a total capacity of 37,500 MT have been constructed under the Agriculture Infrastructure Fund. 1,060 warehouses with a combined capacity of 1,17,350 MT have been established under the Rashtriya Krishi Vikas Yojana since 2017. For 2025-26, the construction of 100 new warehouses is planned, the statement said. The Chief Minister instructed officials to frame a policy to encourage private sector participation in expanding storage capacity. He also called for reforms in the functioning of PCF (Pradeshik Cooperative Federation) and timely payments to rice millers. To address staffing shortages, Adityanath directed expediting recruitment for banking and non-banking positions in cooperative institutions through the Institute of Banking Personnel Selection (IBPS), aimed at improving operational efficiency and service quality. On cyber security, it was noted that UP Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's Core Banking Solution (CBS) cloud platform. "Cooperative institutions must be made self-reliant while ensuring that farmers have access to technology, credit, and markets," Adityanath said.
