Chhattisgarh State Housing Affiliation has turn out to be unfastened from the debt of LIC after 22 years. Chhattisgarh State Co-operative Housing Federation has accomplished this luck by way of getting a cut price of Rs.250 crore 55 lakh from Lifestyles Insurance coverage Company of India, Mumbai thru one-time agreement scheme in lieu of reimbursement of predominant quantity of handiest 17 crore 96 lakh. This knowledge used to be given by way of the President of Chhattisgarh State Cooperative Housing Affiliation, Mr. Ashok Agrawal within the twentieth Annual Common Assembly of the affiliation arranged at Vrindavan Corridor, Raipur. Shri Aggarwal mentioned that it is a large fulfillment for the housing sector. Chhattisgarh State Cooperative Housing Federation is the primary most sensible cooperative union within the state to succeed in this fulfillment, which is exemplary for different establishments.
In truth, this legal responsibility used to be given to the Chhattisgarh State Co-operative Housing Federation on account of the state reorganization by way of the Madhya Pradesh State Co-operative Housing Federation. Within the state of affairs of August 2021, a requirement of Rs 268 crore 52 lakh used to be made towards the mortgage from Chhattisgarh Housing Affiliation. Chhattisgarh Housing Affiliation entered right into a one-time agreement with LIC Mumbai as consistent with the Gujarat development within the mentioned case and controlled to unfastened itself from debt by way of creating a one-time cost of handiest Rs.17 crore 96 lakh. Chhattisgarh Housing Federation is the primary such apex cooperative establishment within the state, which has made itself debt unfastened beneath the settlement.
President of Chhattisgarh State Housing Affiliation Shri Ashok Agrawal mentioned that all the credit score is going to Shri Satyanarayan Sharma, former president and director of the union, who used to be additionally the president of Nationwide Cooperative Housing Affiliation of India, New Delhi. Because of his efforts this plan turned into a hit. Apex Financial institution Chairman Shri Baijnath Chandrakar mentioned that Chhattisgarh State Cooperative Housing Federation has accomplished a perfect luck by way of getting a cut price of Rs.250.55 crore from Lifestyles Insurance coverage Company of India. Different entities must additionally attempt to do away with such exemptions and liabilities. He mentioned that the learning heart of Apex Financial institution has been allocated by way of the federal government at Naya Raipur. In a similar fashion, the housing affiliation has additionally been advised to make each effort on its phase for allotment of land for industrial actions.
The previous president and director of the union, MLA Mr. Satyanarayan Sharma mentioned that the housing affiliation has been free of the debt of Lifestyles Insurance coverage Company of India, by which your whole efforts are concerned. Mr. Sharma mentioned that all the way through the undivided Madhya Pradesh govt, one-third of the land used to be allocated to the Housing Board and to the improvement government. However the land used to be now not allocated to the housing affiliation. The land allocated to the Chhattisgarh Housing Affiliation used to be canceled, because of which the paintings of investment has now not been began by way of the Chhattisgarh Housing Affiliation but. If Apex Financial institution supplies mortgage to the housing affiliation, the housing affiliation can adopt financing as consistent with its targets. For this, he advised the existing representatives of number one area development cooperatives that if they have got open land then they may be able to do a three way partnership with the housing affiliation. On this common assembly, different topics together with the yearly price range for the approaching monetary yr have been authorized.
Prior to the Annual Common Assembly of the monetary yr 2021-22, the assembly of the Board of Administrators of the Affiliation used to be concluded, by which President Shri Ashok Agarwal, Vice President Smt. Shanti Salaam and all of the contributors of the Board of Administrators, MLA Shri Satyanarayan Sharma, Smt. Sandhya Meshram, Shri D.P. Tavari, Registrar Consultant Shri Sitaram Tiwari, Deputy Secretary Finance Division, Shri Ashok Thakur, Divisional Divisional Supervisor, Lifestyles Insurance coverage Company of India Raipur and Smt. Savitri Bhagat Managing Director have been provide.
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