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Super Bazars in J-K asked to follow mega mart biz model

Jammu, 27-Aug-2020

In an attempt to revitalize the Super Bazars in J&K run under cooperative department, the UT administration has asked them to adopt the modern technology of doing business, including interlocution of online service and give attractive discounts to customers.
The ides to ask Super Bazars to follow these business tools, generally adopted by the mega marts like Big Bazar, Vishal Mart, EasyDay and others was propelled by the Principal Secretary Animal/Sheep Husbandry, Fisheries and Cooperative Departments, Navin Kumar Choudhary.
Chairing a meeting held to review the working of these business units, he asked the management to adopt the modern technology of doing business, including interlocution of online service and give attractive discounts to customers to compete in the market.
The meeting was attended by Registrar Cooperative Societies, J&K, Asif Hamid Khan; Additional Commissioner Kashmir, Tassaduq Hussain Mir; General Manager of Anantnag, Baramulla and Jammu Cooperative Banks, GM Citizens� Cooperative Bank, General Manager Super Bazar along with other officers and officials of the department.
The Principal Secretary advised for refurbishing the business of Super Bazars by adopting all the innovations and technologies currently utilized by the private players. He maintained that all the Super Bazaars are located at commercially viable places and have a great potential of doing business. He asked them to open these bazaars during commercially active hours.
Navin also directed the Registrar to look for opening of new stores at busy government office complexes with huge footfall of people. He asked for holding regular Board meetings of these business establishments to facilitate their smooth working. He emphasised to run the merchandise as per business calendar and not as per the government holiday calendar. �Keep all the groceries and stationary items available in your stores that are in maximum demand� he directed.
Navin further exhorted upon the officials to ensure close monitoring and supervision of cooperative societies's working. He asked them to provide them initial support and managerial subsidy and thereafter help them in becoming self sustaining enterprises. The Principal Secretary further urged the employees to put the assets of the department to best use. He sought the details of assets and liabilities of the recently wound-up JAKFED so that the infrastructure is put to good use by the government.
The Principal Secretary asked the MD Cooperative Banks to explore the possibility of merger of the small cooperative banks so that the institution become strong and the share holder base increases.
He further suggested for holding a meeting with NABARD to look for any proposal for revival of these banks. He asked them to explore the ways and means to cut the losses.
The meeting was informed that the department has received funds to the tune of Rs 2.11 crore, of which Rs 1.00 crore has been provided as managerial subsidy to the cooperative societies.
The other points of agenda discussed during the meeting included status of implementation of the Centrally Sponsored Schemes, establishment of Agrimart stores at Spore and Bishnah, and newly introduced Diary Development Scheme.