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Government decision to merge central state cooperative banks hits snag

Bhubaneswar: The decision of the Odisha government to merge the central and state cooperative banks to provide good banking facilities accessible to people across the state has been hit hard by the elected representatives of the cooperative agencies who oppose this decision.

According to sources, the government has prepared a six-member team comprising the Principal Secretary, Co-operation Department, Registrar, Co-operative Societies, Auditor General, CGM of NABARD, Regional Director, RBI and Director General of the Odisha State Cooperative Bank (OSCB) and were given the responsibility to inspect the pros and cons of the new development and submit the findings within one month.

Speaking on the matter, Cooperation Minister Suryanarayan Patro said: “The merger will surely be more beneficial as the new generation of workers will be recruited to streamline the workforce of the new banks and this step will give a new impetus to the banking system. . In addition, they will be recruited by bank entry and transferred like other bankers. We have decided to send the configuration team to visit Kerala, Jharkhand and Uttar Pradesh, where such similar mergers have been successfully integrated,”

At present, there are 17 Central Cooperative Banks (CCBs) and other State Cooperative Banks (SCBs) that cater to the banking needs of individuals. The government plans to integrate these 17 central banks into regional units of the state and create a new set of banks in all districts of Odisha.

Experts say the move will greatly benefit health services. This will greatly benefit people who will get all kinds of assistance through a centralized database system and easy loans system.

But on the other hand, the leaders and elected representatives of the cooperative centrals opposed the decision.

Notably, most of the central cooperative agencies elected representatives of the ruling BJD. For example Spokesperson Rabi Nanda’s wife, Indira Nanda, currently President of Koraput CCB, Birendra Keshari Arukh, brother of RD Minister Bikram Keshari Arukh currently working at Aska CCB, Biendra Swain, brother of top leader Rarendra Swain being between others.

Asked about the possible new development, Birendra Keshari Arukh, said, “The merger of central and state cooperative banks is like a murderous attempt against the agricultural community. This will prove to be a disastrous step,”

“This decision to merge will not be possible in Odisha because people will not support the decision,” he said.