Curbs on creation of coop societies lifted in Punjab

Chief Minister Bhagwant Mann has lifted restrictions on the creation of new cooperative societies, including PACS, milk societies and labour societies.

He said the cooperative sector must be strengthened, expanded and made more inclusive so that it directly benefited farmers, workers, and rural communities. He said the state government was in the process of formulating its own state cooperative policy, with a clear vision to attach more people with cooperatives, expand opportunities for participation and strengthen fair competition. He said the aim was to make cooperatives the central pillar of Punjab’s rural and economic development.

Taking forward that vision, the state government had withdrawn all restrictive instructions with immediate effect. The registration of new societies would be carried out strictly as per the Act, without artificial barriers, he added.