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RESUME
 
1.
The Department of Cooperation has accelerated Cooperative Movement in Punjab during the last  five years, 2003-2008.
2.
Over 20067 Cooperatives in Punjab have transacted business of over Rs.235083.48 crores in 2008  showing an increase of Rs.86596.50 crore over the year 2003. Own funds of these Cooperatives have increased by Rs.2797.32 crore and deposits by Rs.3247.36 crore during the last five years, 2003-  2008.
3.
The Department has initiated comprehensive measures to revamp and revitalize administration of Cooperatives in the State. These measures include downsizing and dispersal of bureaucracy to improve efficiency and delivery of services. Restructuring of Staffing of major Cooperatives, Sugarfed, WEAVCO, PSCADB, Milkfed has been completed. For Markfed and PSCB, staffing is currently being restructured.
4.
The Punjab Self-Supporting Cooperative Societies Bill 2006 passed by Punjab Assembly has been sent to Ministry of Home Affairs Govt. of India New Delhi on 25-09-2006 for approval. Assent of President of India is still awaited 
5.
The Department has also prepared a revised code for election to Cooperatives to introduce electoral reforms in the Cooperative Sector.

Achievements of Cooperatives in Punjab
YEAR
 No. of Members (Rs. in lakh) Share Capital (Rs. in crore) Own Funds (Rs. in crore) Deposits (Rs. in crore) Working Capital (Rs. in crore) Business turnover (Rs. in crore)
2002
44.14
796.22
2873.41
5468.07
22063.92
138341.38
2003
44.90
814.43
3204.99
5655.96
24045.05
148468.98
2004
45.02
846.00
3346.18
6063.09
24246.00
162790.42
2005
46.27
889.12
3549.58
6776.65
24361.08
180237.84
2006
47.17
933.46
4132.01
7120.68
26380.51
195194.46
2007
47.97
964.81
4476.06
7369.75
29445.88
202015.47
2008
48.64
993.54
6002.31
8903.32
96378.81
235083.48
   
6.
The Department has re-oriented its policies and program during 1997- 2001  to enhance professional competence, encourage adoption of modern methods of management  and to introduce structural, administrative and techno-legal reforms in Cooperatives to meet the challenges of economic liberalization and globalization.

7.
In a major policy shift, the Department has decided to provide need-based assistance to those Cooperatives, which are executing Government policies and programs and dis-invest from other Cooperatives. Greater thrust is being given on dis-investment from Sugar and Spinning Cooperatives. Dis-investment from four Cooperative Spinning Mills at Mansa, Kot Kapura, Malout and Tappa and one Cooperative Sugar Mills at Budhlada is currently underway.

8.
One of the major achievements of the Department has been to finalize one-time settlement of overdue term loans of three Cooperative Spinning Mills at Abohar, Goindwal & Barnala and eight Cooperative Sugar Mills at Ajnala, Faridkot, Jagraon, Zira, Patiala, Tarn Taran, Gurdaspur and Faridkot towards Financial Institutions, IDBI, ICICI & IFCI, cooperative Banks. The settlement has been achieved on payment of principal amount plus 10% of simple interest. This has saved nearly Rs.163.23 crore to the government and the Mills.

9.
In its endeavor to liberalize Cooperative Credit, the Deaprtment has introduced a Cash Credit Scheme for farmers to ensure timely availability of adequate cash with them. It has reduced rate of interest from 17 to 11.00% and penal interest from 3 to 1.5%. The Cooperative Bank has sanctioned Rs. 2060.43 Crore to the farmers under the Revolving Cash Credit Scheme upto 31.01.09 whereas SADB has sanctioned Rs. 18.10 cr to various PADBs under its cash credit scheme upto 28/02/2008.
10.
To provide relief to the farming community rate of interest have been revised to 7.0% w.e.f 1.4.2006. Rate of penal interest has also been reduced from 3% to 1.5%. Compounding of interest has been dispensed with. For long term loans upto Rs. 50000/-, the rate of interest charged by PADBs is 10.75% whereas for amount above Rs. 50001/-, the rate of interest charged is 12.00%.
11.
To provide relief to the farming community rate of interest on ST Agri. Loans have been revised to 7.0 % w.e.f     1.4.2006. Rate of penal interest has also been reduced from 3 % to 1.5%. Compounding of interest     has been dispensed with.

12.
The Punjab State Cooperative Agricultural Development Bank has provided loans to the amount of Rs. 328.34 crores in 2002-03, 457.79 crores in 2003-04, 725.01 crores during 2004-05, 548.79 crores during 2005-06 and 378.08 crores during 2006-07. The bank has issued 6391.66 crores since inception.

13.
110 new brnaches of Central Cooperative Banks have been opened during 1997-2001 as against 35 opened in 1992-97. 2 PADBs namely Kahnuwan and Dharmkot have been opened during the last four years. Total no. of PADBs as on 31.03.2007 is 89.
14.
Debt Waiver & Debt Relief Scheme 2008 as envisaged by Govt. Of India has been implmented in the state. Under the Scheme, Loan of Rs 242.13 Crore of 89862 farmers have been waived & relief of Rs 75.51 crore to 39558 farmers has been given.

15.
Special Settlement Scheme 2006 was implemented in state. This scheme shall cover all short term agricultural loans and revolving cash credit limits accounts of the farmers which are in defalut as on 31-03-04. This Scheme was operative upto 30-06-08. Under the Scheme 15138 cases of Rs. 39.82 crores has been settled upto 31-12-07.
16.
A new scheme namely Kisan Credit Card Scheme has been implemented by the Cooperative Banks.  The scheme has liberalised existing scheme of S.T Agricultural Loans. Under the revised scheme a  farmer can avail revolving short term agriculture loan as per the MCL sanctioned on the basis of land holding.
17.
The Cooperative Banks in the State have introduced major structural and administrative reforms with a view to improve their delivery. These reforms, are aimed at development of infrastructure, development of human resources, computerization of operations and records and streamlining of procedures and strengthening of systems. In pursuance of these requirements, it is envisaged that  813 branches of Cooperative Banks would be computerized over the next two years. They would also have systematically planned and developed building infrastructure with adequate trained and motivated staff.
18
In pursuance of the process of simplification of procedures to facilitate easy and quick delivery of loans to the farmers, SADB has started making direct payment to the farmers upto Rs.2.00 lakh whereas the CCBs have dispensed with the requirement of renewing loan documents on yearly basis under its various loan schemes. It has now introduced a system of renewal of loan documents     after every three years.

19.
In pursuance of the process of simplification of procedures to facilitate easy and quick delivery of loans to the farmers, SADB has started making direct payment to the farmers upto Rs. 2.00lakh in case of NFS and Rs. 1.00 lakh for Agricultural loans whereas the CCBs have dispensed with the requirement of renewing loan documents on yearly basis under its various loan schemes. It has now introduced a system of renewal of loan documents after every three years.
20.
Markfed has installed a new Sugar Mill at Malout with an estimate investment of about Rs.40.00  crore. The estimated capacity of the Mills is 1750 TCD. The Mills has started crushing of cane from 2000-2001.
21.
Markfed has established six ultra-modern Korean Rice Mills at Batala, Tarn Taran, Goniana, Jaiton,     Patti and Gidderbaha during the year.
22.
Markfed has launched a Bio-tech Project for marketing of fresh fruits and vegetables in December, 2000. It aims at providing marketing outlet for vegetable growers in the State as also easy  availability of good quality, hygienically packed vegetables and fruits at competitive prices to the consumers.

23.
Milkfed started its functioning in the year 1978 with the prime objective to serve the milk producers. It is continuously marching ahead and about 6000 functional societies having 3.60 lac farmer members attached with it as on 31-03-07. The turnover has gone upto the extent of Rs. 782 crores by the end of 2006-07.
24.
Milkfed has prepared a Milk Vision Plan 2004 which envisages enhancement of milk procurement from 6.92 lakh litre per day in March 1999 to 15.30 lakh litre per day by the end of March 2004.
25.
Cooperative Sugar Mills have implemented a 'Registered Cane Growers Scheme'. In this scheme, farmers are assured of lifting of their sugarcane.

26.
Housefed has provided loans worth Rs.97737.89 lacs upto 31-03-07 crore to its members. The net profit of  Housefed was Rs. 1641.80 lacs during 2006-07.
27.
In continuation of its efforts, the Department aims to finalize the proposal of structural and  administrative reforms, including amendments to the Punjab Cooperative Societies, Act, 1961 during     the coming budget session of Vidhan Sabha.
28.
With a view to liberalize and dis-invest from sick and weak Cooperatives, the Department intends to pursue dis-investment from Cooperative Spinning and Sugar Mills with greater vigor and priority.
29.
In order to liberalize Cooperative marketing in agricultural sector, the Department is embarking  upon a policy to allow direct sale and purchase of agro-chemicals and other agricultural inputs to PACS. As step towards the same, the Department has designated 45 PACS and CMS as nodal points for independent procurement and supply of fertilizers and agro-chemicals.

30.
To ensure convergence of services and improved infrastructure facilities, the Department has  operationalised the scheme of development of "Sehkarta Bhawans' at district levels to  accommodate all offices of the Department and Cooperatives.

31.
With a view to modernize, strengthen and diversify Cooperative credit, the department intends to  give greater thrust on computerisation of operation and records of the bank, human resource development through intense training and upgradation of skills and intensive application of  information technology. It also intends to further liberalize Cooperative Credit by increasing direct finance to the farmers, with gradual abolition of B-component of short-term agricultural loans.