State dilutes co-op sector reforms

The state cabinet approved Wednesday reform in the cooperative sector but diluted it to suit the present system.

All states need to implement by February 14 the 97th constitutional amendment mandated by the Centre in the cooperative sector.

Maharashtra was opposed to some clauses. The government said, "While we will consider reform, cooperative units where elections have already taken place will not be dissolved to implement the new guidelines. The changes will come into effect once terms of boards of directors end after five years."

The decision was taken following protests by Congress and NCP leaders. NCP, which has a monopoly in district cooperative banks, did not want to disturb the present system till the 2014 elections. CM Prithviraj Chavan, deputy CM Ajit Pawar and other cabinet members gave un-principle consent to usher in changes as suggested by the Centre. But they were not in favour of dissolving units where elections have taken place recently.

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