Author: SahkarNet

IFFCO सहकारिता रत्न सम्मान (IFFCO Sahakarita Ratna Award) वर्ष 2022-23 का प्रतिष्ठित इफको सहकारिता रत्न सम्मान उत्तर प्रदेश के सहकरिता राज्य मंत्री श्री जेपीएस राठौड़ जी (Shri J P S Rathore, Hon’ble Minister of State for Cooperation, Government of Uttar Pradesh) को दिया जायेगा। श्री राठौड़ को यह पुरस्कार प्राथमिक स्तर की सहकारी समितियों के प्रति इनकी अति विशिष्ट सेवाओं और देश विशेषकर उत्तर प्रदेश राज्य में सहकारी आन्दोलन को मजबूत करने की दिशा में किए गए अनुकरणीय प्रयासों के लिए प्रदान किया जा रहा है। यह सम्मान 30 मई, 2024 को इफको की 53वीं वार्षिक आम बैठक के दौरान …

The recently launched National Urban Co-operative Finance and Development Corporation Ltd. (NUCFDC) has moved swiftly to recruit C-Suite professionals including CEO, CFO, CTO and Company Secretary to kick-start its operations at the earliest. The organization has engaged ABC Consultants, leading HR & Recruitment Consultant, to spearhead the recruitment process. NUCFDC is a registered NBFC mandated by Reserve Bank of India to play the role of Umbrella Organisation for India’s Urban Co-operative Banking (UCB) sector. As per ABC Consultants, the company is in a start-up phase and aims to provide a comprehensive range of fund-based and non-fund-based services to member banks,…

Dileep Sanghani, the incumbent Chairman of IFFCO, has been re-elected unopposed for a second consecutive term, while Balvir Singh has retained his position as Vice Chairman following elections held recently. With the current election, Sanghani becomes the 18th Chairman of the Indian Farmers Fertiliser Cooperative Limited. IFFCO conducted its 15th Representative Governing Body (RGB) elections for its Board of Directors, representing members from over 36,000 cooperative societies at IFFCO Sadan, New Delhi. The extensive electoral process began in March and concluded with the election of 21 Directors on May 9, 2024, at IFFCO’s corporate office in New Delhi. Notable winners…

The dairy sector holds immense significance for India across multiple fronts. It serves as a major contributor to the growth of the rural economy, supporting over 80 million rural households, predominantly small and marginal farmers along with landless individuals. Dairy co operatives play a vital role in ensuring food security, livelihoods, and fostering women’s participation. Notably, women constitute the primary workforce within this sector, making it a key contributor to women’s empowerment. Today, India stands as the world’s largest milk producer accounting for 24% of the global milk production. Despite the profitability of dairy farming and proven success of Amul…

Is Amul planning to takeover Sanchi Dairy of Madhya Pradesh? This question gains significance as Sanchi milk brand holds a similar level of familiarity and emotion in Madhya Pradesh as Nandini has in Karnataka. The question has again started doing the rounds after a news report that the BJP led MP Government wants to adopt the Gujarat- based Amul-like model for Sanchi in MP. However, it is said that the decision on whether Amul will support Sanchi in expanding its presence in Madhya Pradesh or opt for a takeover will be made shortly after the Lok Sabha polls. The MP…

The Reserve Bank of India (RBI) has levied penalties totaling Rs. 8 lakh on three cooperative banks in Maharashtra due to their failure to comply with regulatory directives. The Lokmangal Cooperative Bank Ltd faced the heaviest penalty, amounting to Rs5 lakh. The other two banks penalized by the RBI are Satara Sahakari Bank Ltd and Udgir Urban Cooperative Bank Ltd. Lokmangal Cooperative Bank was penalized Rs 5 lakh for failing to adhere to the guidelines concerning know your customers (KYC). During a statutory inspection, the RBI discovered that the bank had neglected to conduct periodic reviews of account risk categorizations…

The United Nations designates certain days, weeks, years, and decades to recognize specific events or themes, aiming to advance the organization’s objectives through increased awareness and action. Typically, one or more Member States propose these observances, which are then established by the General Assembly through a resolution. In some cases, specialized agencies of the United Nations, like UNESCO, UNICEF, FAO, among others, declare these commemorations if they relate to areas within their expertise. Subsequently, some of these initiatives may be formally endorsed by the General Assembly. The United Nations General Assembly has proclaimed 2025 as the International Year of Cooperatives,…

Shri T. Prasad Rao Dora, President of Odisha State Co-operative Bank (OSCB) and Director of Odisha Fisheries Co-operative Corporation Limited (FISHFED) has been unanimously elected as FISHCOPFED Chief at New Delhi on 2 April. Dr. S. Made Gowda was declared elected as Vice President. Shri Rao had served as President of the National Federation earlier also. He has also served as President of FISHFED-Odisha. In his previous term, he also served as vice-chairman of the International Fisheries Cooperative Federation. The election was held in compliance to the judgement of Hon’ble High Court of Delhi. Returning Officer conducted the election process…

International Cooperative Alliance (ICA) and the Indian Farmers Fertilizer Cooperative (IFFCO) signed an MoU on April 28 to hold the ICA Global Cooperative Conference 2024 and General Assembly at New Delhi, alongside the launch of the United Nations International Year of Cooperatives 2025. The MoU was formalized by IFFCO Managing Director Dr. U S Awasthi and ICA Director-General Jeroen Douglas during the 11th Asia and Pacific Ministers’ Conference in Jordan. Notable attendees included ICA President Ariel Guarco, ICA Asia and Pacific President Dr. Chandra Pal Singh Yadav, and other distinguished representatives from the cooperative sector and government agencies. The event…

West Assam Milk Producers’ Co-operative Union Ltd. (WAMUL), renowned as Purabi Dairy, celebrated a significant milestone in bolstering Assam’s rural economy last fiscal year. The dairy cooperative achieved an impressive 28% growth, surpassing a turnover of Rs. 262 crore. Notably, Purabi Dairy’s standardized milk sales surged by over 20%, exceeding Rs. 200 crore in liquid milk sales for the first time. This accomplishment solidifies its position as the largest dairy cooperative in Northeast India. The sales of milk products also soared by 35%, with substantial increases across various categories including curd (47%), ghee (38%), paneer (36%), and lassi (16%). Satya…