Punjab law minister directs to start easy loan scheme for farmers

On Monday, Provincial Minister for Law and Cooperatives Raja Basharat directed the department of cooperatives to start easy loan scheme for purchase of tractors, agricultural implements and commodities to the farmers.

He was conducting a meeting at the Civil Secretariat here where he was briefed by the Secretary Cooperatives and the Registrar of Cooperatives, as well as the heads of the Punjab Liquidation Board and the Cooperatives Bank.

Raja Basharat took stern notice of the delay in relinquishing illegal possession of the department’s properties and urged the head and registrar of the cooperative bank to take immediate steps to expedite the recovery of arrears of billions of rupees pending since long.

He ordered that after reviewing the cases of inactive housing societies, these should be made functional and steps should be taken to increase the leased land and buildings of the department as per the market value, he added.

Raja Basharat said that implementation of the instructions given by the Punjab government regarding FATF should be ensured as no slackness will be tolerated in this regard.

He sought details of the properties leased out by the Cooperative Bank, the loans given on gold and the vehicles purchased in last three years.

Raja Basharat said that plans should be started to increase revenue by constructing commercial buildings on vacant lands of the department, vacancies should be filled in a transparent manner immediately and government affairs should be made as transparent as possible by digitizing the records of the department.

The minister also directed to publicize the departmental activities and initiatives for public awareness through social media.

Earlier in the briefing it was informed that at present the receivables of cooperative societies amounting to Rs. 11 billion were outstanding. Out of 232 cooperative housing societies in Punjab, 53 are inactive.

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