All milk producers’ accounts to be opened
Q. Which of the following is/are true?
1) Amul has been directed to ensure all milk producers’ accounts to be opened by 30th December, 2016.
2) Other co-operatives have been directed to ensure the opening of accounts of all milk producers/farmers by 30th January, 2017.- Published on 26 Dec 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Both 1 and 2
Consequent upon the Governments decisions of demonetization, certain unintended impacts have been observed especially in the sectors thriving upon sheer cash transactions.
In this regards, non-availability of funds to the co-operative banks for making payments to Milk producers/farmers by dairy co-operative against the milk supplied by then came to the notice of the government.
GCMMF/Amul has been specifically directed to ensure 100% milk producers accounts to be opened by 30th December, 2016.
Similarly, other co-operatives have been directed to ensure the opening of 100% accounts of milk producers/farmers by 30th January, 2017.
Eventually, transparency saving habits, financial enclosure etc. would be benefiting milk producer in multiple ways.
