Annual General Meeting of Udaipur Central Co-operative Bank Highlights Need for Beneficial Cooperation

Udaipur: The 66th, 67th, 68th, and 69th Annual General Meetings (AGMs) of the Udaipur Central Co-operative Bank were held on Saturday at the Rajasthan Agricultural College Auditorium. The meetings were presided over by Bank Administrator and District Collector Arvind Kumar Poswal. Udaipur Rural MLA Phool Singh Meena and Pramod Samar, Chairman of the Udaipur Tourism Cooperative Society, attended as distinguished guests. The AGMs were attended by chairpersons of 275 village service cooperative societies from the districts of Udaipur, Rajsamand, Salumber, and the Dungarpur tehsil of Pratapgarh.

In his address, District Collector and Administrator Arvind Kumar Poswal emphasized that the core principle of cooperation is “one for all and all for one.” He urged the committees to operate with this principle in mind and to benefit the public by implementing central and state government schemes as well as bank initiatives. Poswal assured all committee members that efforts would be made at the administrative and state government levels to enhance profitability and resolve any issues. The meeting also reviewed the bank’s progress for the financial years 2020-21, 2021-22, 2022-23, and 2023-24.

Udaipur Rural MLA Phool Singh Meena encouraged the chairpersons to work towards the upliftment of rural areas through cooperative efforts. Pramod Samar, State Coordinator of the Cooperative Cell, highlighted the need to adopt new technologies and computerize PACS (Primary Agricultural Credit Societies) to bring all committees onto a technological platform in line with the central government’s intentions.

**Achievements and Future Plans**

During the meeting, Bank Managing Director Alok Chaudhary presented the proceedings of the AGM held on March 3, 2021, which were approved by the members. He also presented the income and expenditure details, follow-up actions on audit reports, approved budgets for the year, achievements against developmental plans, and the proposed action plan for the upcoming session. The assembly unanimously approved the increase of the bank’s authorized share capital from ₹25 crore to ₹40 crore. Additionally, the bank’s operational area was amended to include the newly formed Salumber district along with Udaipur, Rajsamand, and Pratapgarh districts, as per the Rajasthan Cooperative Societies Act 2001, Section 11 (1).

**Member Suggestions**

Attendees suggested several measures for improving the bank’s operations, including prioritizing PDS licenses under the public distribution system, filling vacant managerial positions in committees, increasing loan amounts, and distributing dividends. The Managing Director assured that appropriate actions would be taken at the bank level to address these suggestions and issues. The meeting concluded with a tribute to the late Amritlal Meena, MLA of Salumber constituency.