Basharat orders easy loan program for farmers

LAHORE: Provincial Minister of Law and Cooperatives Raja Basharat asked the Department of Cooperatives to launch an easy loan program for the purchase of tractors, agricultural implements and commodities from farmers.

He was chairing a meeting at the Civil Secretariat here on Monday where he was briefed by the Secretary of Cooperatives and Registrar of Cooperatives, as well as the heads of the Punjab Liquidation Council and the Bank of Cooperatives. Raja Basharat took note 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 action to speed up the collection of the long outstanding arrears of billions of rupees. .

Lamenting the lack of an effective system of regular inspection in the department, the provincial minister said cases referred to the NAB and anti-corruption should be followed up and the elections for the remaining 38 companies should be concluded soon. . He further ordered that after reviewing the cases of inactive housing companies, they should be made functional and action should be taken to increase the land and rented buildings in the department according to market value.

Raja Basharat said that the implementation of the instructions given by the government of Punjab regarding the FATF should be ensured and that no slackening would be tolerated in this regard. He asked for details of properties leased by the Co-operative Bank, loans made on gold and vehicles purchased over the past three years, as well as a swift elimination of property-related court cases.

Basharat said plans should be launched to increase income by constructing commercial buildings on vacant land in the department, vacant positions should be transparently filled immediately and government affairs should be made as transparent as possible by digitizing records. of the department. The provincial minister also ordered to publicize the ministry’s activities and public awareness initiatives through social media.

Earlier in the briefing, he was informed that at present, the claims of cooperative societies amounting to Rs11 billion are unpaid. “Out of 232 housing co-ops in the Punjab, 53 are inactive while 480 of the department’s 1,243 positions are vacant,” the briefing revealed. The provincial minister ordered to present positively the progress made on the objectives set at the next meeting.

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