Alarmed by a spurt in the registration of new cooperative societies, mostly credit ones, around the time the now-infamous Saradha chit fund scam broke out in West Bengal, the Union has put checks on such registrations. The government suspected that chit fund companies were filing for registrations as cooperative societies. Interestingly, one name in the pending list of applicants was also from a credit cooperative society called Ma Sarada Agro Multi-State Cooperative Credit Society Ltd from West Bengal...........
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