New Delhi: Bihar has sought permission from the Union Government to increase the state government share in the state cooperative banks and Central Cooperative banks up to 51 per cent.

According to Cooperative Minister of Bihar, Ramadhar Singh, the move is required to maintain the financial and administrative discipline in the cooperatives.

The issue was raised by Singh in a conference of Cooperative ministers of states and union territories chaired by Union Agriculture Minister Sharad Pawar in New Delhi.

During the conference, Singh also raised the demand to appoint marketing managers in the Primary Agricultural Credit Society (PACS) and create a corpus that would meet the expenditure incurred to establish the offices.

Singh has requested the Union Government to provide financial support to cooperative committees to help them provide loan to farmers. He further said, the recommendations of Vaidyanathan Committee are being followed for the revival of cooperatives in Bihar.

JPN/Bureau