Mumbai: Chief Minister Devendra Fadnavis on Monday said that a committee will be formed to suggest changes in the Cooperative Act. The CM was responding to observations made by Union Minister Nitin Gadkari, who in a speech had recommended that the government needs to craft a new law for the cooperative sector.
Statement Of Maharashtra CM Devendra Fadnavis
“There is a need to make changes in the current Cooperative Societies Act in line with the times. The work of providing justice to every entity related to the cooperative sector should be done through the Cooperative Act. For this, new chapters related to each sector will have to be included in the law. For this, necessary changes will have to be made in the Cooperative Act. A committee is being formed for the necessary changes in the Cooperative Act,” Fadnavis said in his speech at the symposium on the occasion of International Cooperative Day organised by the Maharashtra State Cooperative (MSC) Bank.
The CM said nearly 50% of all cooperative societies are cooperative housing societies. By amending the Cooperative Act, a separate chapter has been included for cooperative housing societies in the past, he said.
“Through this, the system of cooperative housing societies is being established. A new scheme has been brought for cooperative societies for self-redevelopment. The state government is giving them 17 different types of concessions. Due to the strengthening of cooperative housing societies, citizens are getting their rightful homes in Mumbai itself. A committee has also been formed under the chairmanship of MLA Praveen Darekar regarding self-redevelopment of cooperative housing societies,” he added. NCP (SP) leader Sharad Pawar was among those present at the symposium on Monday. He met Fadnavis and Gadkari separately.
