Goa Cooperation Minister Shirodkar emphasized the state government’s commitment to preventing cooperative bank bankruptcies through regular audits, inspections, and management reforms to safeguard depositors’ funds.
Addressing challenges, he highlighted the rise of over 2,000 non-performing asset (NPA) cases, many in court, underscoring the need for stricter regulations to protect public money.
Shirodkar announced the Registrar of Cooperative Societies would recognize exceptional contributions with awards on November 18, based on nominations from individuals and cooperative societies.
The message is clear—anyone implicated will be behind bars,” he stated, ensuring accountability within the sector. Shirodkar reaffirmed efforts to strengthen governance and transparency across cooperative institutions.