The is mulling to amend the Goa Co-operative Societies Act to strengthen cooperative organisations and to try and keep a check on fraudulent activities in cooperative bodies which are in a bad shape, said minister for cooperation Govind Gaude.
For many years Goas cooperative sector has been ignored and has been riddled with financial irregularities and erosion of depositors funds. One of the objectives behind the proposed amendment, said sources, is to bring in checks and balances to prevent malpractices and bring in transparency in a sector which is the backbone of the states rural economy.