Loans worth Rs 10,000 crore have been given to cooperative sugar mills across country through NCDC: Amit Shah
Union Home Minister Amit Shah attended the ‘Cooperative Conference’ in Nashik, inaugurating initiatives to boost the cooperative sector. He highlighted the resolution of a ₹15,000 crore tax dispute in Maharashtra’s cooperative sugar mills and reduction of ₹46,000 crore in new taxes. Shah emphasized ethanol blending and organic farming, urging farmers to obtain organic certification. The National Co-operative Organic Limited (NCOL) will ensure direct profit transfers to farmers’ bank accounts from organic produce sales.
Union Home Minister and Minister of Cooperation, Amit Shah, yesterday participated as the Chief Guest at the ‘Cooperative Conference’ held in Nashik, Maharashtra. During the event, Shah inaugurated multiple initiatives aimed at strengthening the cooperative sector. The conference witnessed the presence of several distinguished personalities, including Union Minister of State for Cooperation Murlidhar Mohol and Maharashtra Deputy Chief Minister Eknath Shinde.
The Union Minister of Cooperation said that there was a dispute over income tax of 15 thousand crore rupees in cooperative sugar mills of Maharashtra, that we resolved. He said that the Modi government also reduced new taxes worth Rs 46 thousand crores.
He said that loans worth 10 thousand crore rupees have also been given to many cooperative sugar mills of the country through the National Cooperative Development Corporation (NCDC). He also said that profitable units created through ethanol blending. Shri Shah questioned the opposition leaders for what have they done for the cooperative sector, PACS, sugar mills and farmers when their government was in power.
Amit Shah said that Prime Minister Narendra Modi formed the Ministry of Cooperation, came up with the scheme of ethanol blending for sugar mills, resolved the issue of income tax, computerized PACS, made model bylaws of PACS and linked PACS with multidimensional activities.
Amit Shah encouraged farmers to adopt organic farming and emphasized the importance of obtaining organic certification to secure better prices for their produce. He highlighted that National Co-operative Organic Limited (NCOL), established under the Ministry of Cooperation by PM Modi, is designed to directly transfer profits from the sale of certified organic produce to farmers’ bank accounts. He explained that this multinational organization purchases all certified organic produce from farmers sells it in the market, and ensures that the profits are directly credited to the farmers’ accounts, thereby supporting their economic well-being.
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Source : Chinimandi
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