State Cooperation Ministers’ Conference September
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State Cooperation Ministers Conference September 8th and 9th , 2022 at Vigyan Bhawan, New Delhi Government of Mizoram Department of Cooperation Presentation on Cooperative Sector of Mizoram CONTENTS Page no 1. Introduction ( i ) 2.
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01
State Cooperation Ministers’ Conference September 8th and 9th , 2022 at Vigyan Bhawan, New Delhi Government of Mizoram Department of Cooperation Presentation on Cooperative Sector of Mizoram
CONTENTS Page no
1. Introduction ( i )
2. Initiatives by Ministry of Cooperation (ii)
General description of statutory and non-statutory works (ii)
Important functions under the Mizoram Cooperative Societies Act (iii)
Socio Economic Development outcome of Cooperation (iv)
Type wise Cooperative Societies as on 31.3.2022 (v)
Institutional Support by National Bank for Agriculture And Rural
Development (NABARD) and National Minorities Development and (vi)
Finance Corporation through Mizoram Cooperative Apex Bank ( MCAB )
Name of State Level Cooperative Societies (vii)
Mizoram State Cooperative Marketing and Consumers Federation Ltd.
( MIZOFED ) (viii)
Integrated Cooperative Development Project (ICDP) and National
Cooperative Development Corporation (NCDC) Financial support in (ix)
the State of Mizoram in last Five years upto 31.3.2021
Audit status for the year 2020 – 2021 (x)
Issues (xi)
Way Forward (xii)
13. Best practices in Cooperative Sector in Mizoram (xiii) RCS, MIZORAM<br>
CONTENTS Page no
1. Introduction ( i )
2. Initiatives by Ministry of Cooperation (ii)
General description of statutory and non-statutory works (ii)
Important functions under the Mizoram Cooperative Societies Act (iii)
Socio Economic Development outcome of Cooperation (iv)
Type wise Cooperative Societies as on 31.3.2022 (v)
Institutional Support by National Bank for Agriculture And Rural
Development (NABARD) and National Minorities Development and (vi)
Finance Corporation through Mizoram Cooperative Apex Bank ( MCAB )
Name of State Level Cooperative Societies (vii)
Mizoram State Cooperative Marketing and Consumers Federation Ltd.
( MIZOFED ) (viii)
Integrated Cooperative Development Project (ICDP) and National
Cooperative Development Corporation (NCDC) Financial support in (ix)
the State of Mizoram in last Five years upto 31.3.2021
Audit status for the year 2020 – 2021 (x)
Issues (xi)
Way Forward (xii)
13. Best practices in Cooperative Sector in Mizoram (xiii) RCS, MIZORAM<br>
02
INTRODUCTION Mizoram – the land of abundant natural beauty full of meandering rivulets, gushing waterfalls and omnipresent hills is a natural breeding ground for cooperation and cooperative movement on account of the strong community feeling and social bondages.
Its hilly and difficult terrain hampers the desirable level of industrial growth and hence the cooperative movement naturally becomes one of the more important options for economic growth.
As on date, the state is still recovering from the setbacks received from the spread of COVID - 19 pandemic and the resultant lockdowns.
( i ) RCS, MIZORAM<br>
Its hilly and difficult terrain hampers the desirable level of industrial growth and hence the cooperative movement naturally becomes one of the more important options for economic growth.
As on date, the state is still recovering from the setbacks received from the spread of COVID - 19 pandemic and the resultant lockdowns.
( i ) RCS, MIZORAM<br>
03
PACS Computerization Total number of registered PACS ( as on 31/5/2021) – 88
Total number of functional PACS – 43
Total number of non-functional PACS – 45
Initiatives :
Post the communications from Ministry of Cooperation vide letters dt. 1/11/2021 & 30/6/2022, the following has been done.
Two coordination meetings have been held with NABARD and MCAB.
Data of Functional PACS collected.
Pilot Case study done with reference to non-functional PACS.
Video conference with Govt. of India, Ministry of Cooperation held on 8/7/2022.
Current Status :
Uptodate audit of all functional PACS is being done which will be completed by 30th Sept, 2022.
Proposal submitted to Mizoram Govt. for constitution of State level Monitoring and Implementation Committee and District Level Monitoring and Implementation Committee.
(ii) RCS, MIZORAM<br>
Total number of functional PACS – 43
Total number of non-functional PACS – 45
Initiatives :
Post the communications from Ministry of Cooperation vide letters dt. 1/11/2021 & 30/6/2022, the following has been done.
Two coordination meetings have been held with NABARD and MCAB.
Data of Functional PACS collected.
Pilot Case study done with reference to non-functional PACS.
Video conference with Govt. of India, Ministry of Cooperation held on 8/7/2022.
Current Status :
Uptodate audit of all functional PACS is being done which will be completed by 30th Sept, 2022.
Proposal submitted to Mizoram Govt. for constitution of State level Monitoring and Implementation Committee and District Level Monitoring and Implementation Committee.
(ii) RCS, MIZORAM<br>
04
Revitalization of defunct PACS : Pilot study done for analyzing the reasons for non-functionality of PACS.
The reasons are summarized as under:-
Organization and management
Lack of capital formation
Lack of monitoring
Competition with banks/ NBFC
Lack of awareness.
Proposed Solutions
Training and Partnership modules for PACS.
Management to be strengthened through awareness
Defaulters should be identified and encouraged to repay.
Establishing credit-worthy set of activities for PACS involved in multi-functional credit and non-credit activities.
Enhancement in membership through awareness campaign.
( iii ) RCS, MIZORAM<br>
The reasons are summarized as under:-
Organization and management
Lack of capital formation
Lack of monitoring
Competition with banks/ NBFC
Lack of awareness.
Proposed Solutions
Training and Partnership modules for PACS.
Management to be strengthened through awareness
Defaulters should be identified and encouraged to repay.
Establishing credit-worthy set of activities for PACS involved in multi-functional credit and non-credit activities.
Enhancement in membership through awareness campaign.
( iii ) RCS, MIZORAM<br>
05
Model Bye Laws : (i) The model bye-laws have been circulated by Govt. of India, Ministry of Cooperation. Comments of Govt. of Mizoram have already been submitted. The salient features of comments include :
(ii) Mizoram has 2 tier system of Cooperation credit banking. So, model bye-laws should be accommodate 2 tier system also.
(iii) Compliance of provisions of state Cooperative Societies Act should be ensured.
(iv) Financial propriety should be ensured through participation.
(v) Constitution of management Committee should reflect promotion of spirit of Cooperation.
( iv ) RCS, MIZORAM<br>
(ii) Mizoram has 2 tier system of Cooperation credit banking. So, model bye-laws should be accommodate 2 tier system also.
(iii) Compliance of provisions of state Cooperative Societies Act should be ensured.
(iv) Financial propriety should be ensured through participation.
(v) Constitution of management Committee should reflect promotion of spirit of Cooperation.
( iv ) RCS, MIZORAM<br>
06
General description of statutory and non-statutory works Cooperation Department through Registrar of Cooperative Societies implements the Mizoram Cooperative Act, 2006 ( as amended from time to time and Rules made there under)
Implementation of schemes of Central Government and State Government
Monitoring and supervising of Cooperative movement and regulation of functioning of Cooperative Societies and Federations besides Cooperative Banks.
(v) RCS, MIZORAM<br>
Implementation of schemes of Central Government and State Government
Monitoring and supervising of Cooperative movement and regulation of functioning of Cooperative Societies and Federations besides Cooperative Banks.
(v) RCS, MIZORAM<br>
07
Important functions under the Mizoram Cooperative Societies Act related to the following Registration of Cooperative Societies under Sec 10 of Mizoram Cooperative Societies Act, 2006
Audit of Cooperative Societies under Sec 85 of Mizoram Cooperative Societies Act, 2006
Inspection and monitoring of Cooperative Societies under Sec 91-92 of Mizoram Cooperative Societies Act, 2006
(vi) RCS, MIZORAM<br>
Audit of Cooperative Societies under Sec 85 of Mizoram Cooperative Societies Act, 2006
Inspection and monitoring of Cooperative Societies under Sec 91-92 of Mizoram Cooperative Societies Act, 2006
(vi) RCS, MIZORAM<br>
08
Socio Economic Development outcome of Cooperation Employment generation.
Social insurance.
Technology sharing among Cooperative Societies.
Financial support in terms of loan on soft terms through access to institutional credit
Vital role in price control/ regulation of essential goods.
Improvement in income
Social succour in times of crisis to members and non members
Tax generation through supply of taxable essential goods
Women are involved in handloom and handicraft sector in a majority apart from management of Cooperative Societies and Federations.
(vii) RCS, MIZORAM<br>
Social insurance.
Technology sharing among Cooperative Societies.
Financial support in terms of loan on soft terms through access to institutional credit
Vital role in price control/ regulation of essential goods.
Improvement in income
Social succour in times of crisis to members and non members
Tax generation through supply of taxable essential goods
Women are involved in handloom and handicraft sector in a majority apart from management of Cooperative Societies and Federations.
(vii) RCS, MIZORAM<br>
09
Type wise Cooperative Societies as on 31.3.2022 RCS, MIZORAM (viii)<br>
10
Institutional Support by National Bank for Agriculture And Rural Development (NABARD) and National Minorities Development and Finance Corporation through Mizoram Cooperative Apex Bank ( MCAB ) 1) MCAB supporting Cooperative Societies by issuing different types of loans to them, for the following activities :
1) Agriculture & Allied . 2) Small Business Finance ( SBF ).
3) Small scale industries.
2) National Minorities Development and Finance Corporation ( NMDFC )
3) National Bank for Agriculture And Rural Development (NABARD) : RCS, MIZORAM ( ix )<br>
1) Agriculture & Allied . 2) Small Business Finance ( SBF ).
3) Small scale industries.
2) National Minorities Development and Finance Corporation ( NMDFC )
3) National Bank for Agriculture And Rural Development (NABARD) : RCS, MIZORAM ( ix )<br>
11
NAME OF STATE LEVEL COOPERATIVE SOCIETIES :- MSCU - Mizoram State Cooperative Union Ltd.
MAHFED - Mizoram State Agriculture, Horticulture, Forestry and Marketing Cooperative Federation Ltd.
MULCO - Mizoram Milk Producers’ Cooperative Union Ltd.
MCAB - Mizoram Cooperative Apex Bank Ltd.
ZOFISFED - Mizoram Cooperative Fish Farming Marketing and Processing Federation Ltd.
PIGFED - Mizoram Pig Producers’ Cooperative Federation Ltd.
MIZOFED - Mizoram State Cooperative Marketing and Consumers’ Federation Ltd.
MAHCO - Mizoram Apex Handloom and Handicraft Cooperative Federation Ltd.
SERIFED - Mizoram Sericulture Cooperative Federation Ltd.
WOMENFED - Mizoram Women Cooperative Federation Ltd.
POULTRYFED - Mizoram Poultry Producers Cooperative Federation Ltd.
( x ) RCS, MIZORAM<br>
MAHFED - Mizoram State Agriculture, Horticulture, Forestry and Marketing Cooperative Federation Ltd.
MULCO - Mizoram Milk Producers’ Cooperative Union Ltd.
MCAB - Mizoram Cooperative Apex Bank Ltd.
ZOFISFED - Mizoram Cooperative Fish Farming Marketing and Processing Federation Ltd.
PIGFED - Mizoram Pig Producers’ Cooperative Federation Ltd.
MIZOFED - Mizoram State Cooperative Marketing and Consumers’ Federation Ltd.
MAHCO - Mizoram Apex Handloom and Handicraft Cooperative Federation Ltd.
SERIFED - Mizoram Sericulture Cooperative Federation Ltd.
WOMENFED - Mizoram Women Cooperative Federation Ltd.
POULTRYFED - Mizoram Poultry Producers Cooperative Federation Ltd.
( x ) RCS, MIZORAM<br>
12
MIZORAM STATE COOP. MARKETING AND CONSUMERS FED. LTD (MIZOFED LTD) Business activities undertaken by the Federation are procurement of :- 1.Essential Commodities. 2. LPG. 3. POL. 4. SKO. 5. Supply of Sugar, Edible Oil Pulses and Ground Nut to Social Welfare Department for its hostel, ANNUAL SALES TURN OVER :- RCS, MIZORAM ( xi )<br>
13
Integrated Cooperative Development Project (ICDP) and National Cooperative Development Corporation (NCDC) Financial support in the State of Mizoram in last Five yearsUpto 31.3.2021 :- RCS, MIZORAM ( xii )<br>
14
AUDIT STATUS FOR THE YEAR 2020-2021 RCS, MIZORAM ( xiii )<br>
15
Issues (i) Cooperative Societies are worst hit due to
poor demand during and after COVID lockdown.
(ii) Request for introduction of minimum support
price introduction in dairy sector.
(iii) Requirement of fresh investments as savings
with cooperative societies and federation were
exhausted during the COVID lockdown.
(iv) African Swine Flu is affecting Piggery sector. Foot
and mouth disease is affecting livestock sector.
(v) Higher levels of allocation of budget to cooperative
sector desired.
(vi) Limited manpower for inspection and audit.
(vii) Delay in payment of dividends to member cooperative
societies by cooperative federations post lockdown period ( xiv )
( xi ) RCS, MIZORAM<br>
poor demand during and after COVID lockdown.
(ii) Request for introduction of minimum support
price introduction in dairy sector.
(iii) Requirement of fresh investments as savings
with cooperative societies and federation were
exhausted during the COVID lockdown.
(iv) African Swine Flu is affecting Piggery sector. Foot
and mouth disease is affecting livestock sector.
(v) Higher levels of allocation of budget to cooperative
sector desired.
(vi) Limited manpower for inspection and audit.
(vii) Delay in payment of dividends to member cooperative
societies by cooperative federations post lockdown period ( xiv )
( xi ) RCS, MIZORAM<br>
16
Way Forward Investment in cooperative sector on soft terms by Institutional lenders like Institutional Support by NABARD and NMDFC .
Technology sharing through involvement of premier institutions like IITs/ IISc, etc.,
Infrastructural support for transportation from far off areas
Training and partnership modules under CSR
Provision of Minimum support price for Cooperative Sector in institutional manner
In situ medical support to livestock Cooperative Societies
( xv ) RCS, MIZORAM<br>
Technology sharing through involvement of premier institutions like IITs/ IISc, etc.,
Infrastructural support for transportation from far off areas
Training and partnership modules under CSR
Provision of Minimum support price for Cooperative Sector in institutional manner
In situ medical support to livestock Cooperative Societies
( xv ) RCS, MIZORAM<br>
17
BEST PRACTICES IN COOPERATIVE SECTOR IN MIZORAM Timely completion of Audit of Cooperative Societies
Timely start of audit process wef. April in any financial year to complete within 6 months.
In situ audit of State Level Cooperative Societies through audit teams.
Review and monitoring at the level of Registrar Cooperative Societies.
Training to management and members of cooperative societies during the course of their audit by audit team.
Involvement of women in Cooperation through community awareness Section 49 of MCS Act, 2 seats are reserved for women in each Cooperative Management Committee.
Price control and regulation through supply of essential goods by Cooperative Federation.
Liquidation of all defunct Cooperative Societies u/s 110 of MCS Act, 2006 after giving sufficient opportunity for revival to avoid increase in NPA.
Relaxation in threshold limit for GST Registration to weavers Cooperative Society upto 20 lakhs.
( xvi ) RCS, MIZORAM<br>
Timely start of audit process wef. April in any financial year to complete within 6 months.
In situ audit of State Level Cooperative Societies through audit teams.
Review and monitoring at the level of Registrar Cooperative Societies.
Training to management and members of cooperative societies during the course of their audit by audit team.
Involvement of women in Cooperation through community awareness Section 49 of MCS Act, 2 seats are reserved for women in each Cooperative Management Committee.
Price control and regulation through supply of essential goods by Cooperative Federation.
Liquidation of all defunct Cooperative Societies u/s 110 of MCS Act, 2006 after giving sufficient opportunity for revival to avoid increase in NPA.
Relaxation in threshold limit for GST Registration to weavers Cooperative Society upto 20 lakhs.
( xvi ) RCS, MIZORAM<br>
18
THANK YOU<br>