Government of Telangana have permitted the Society for Elimination of Rural Poverty to participate in registration of an Apex Co-Operative Credit Society and registered as a joint initiative of Government of Andhra Pradesh and the SHG Mandal Samakhyas with the objective of making available affordable credit named as Sthree Nidhi Credit Cooperative Federation Ltd.
Subsequently, orders have been issued in the reference 2nd read above appointing a Managing Director, and Nominee Directors for a period of two years from the date of registration.
Orders have been issued for reappointing Sri G. Vidya Sagar Reddy, State Project Advisor, SERP, Hyderabad, as the
Managing Director, and also extend the term of the following officials as Govt. nominee Directors on the Board of Sthree Nidhi Credit Cooperative Federation Limited, for a period of two (2) more years with effect from 07.09.2013.
a). Prl. Secretary to Government (RD), PR & RD Department, Government of A.P, Hyderabad
b). The Registrar of Co-operative Societies, A.P., Hyderabad
c). The Secretary to Government (W&P), Finance Department, A.P., Secretariat, Hyderabad.
Chief Executive Officer, SERP, A.P., Hyderabad has submitted that, Sthree Nidhi has been bifurcated as per the State
Reorganisation Act, 2014 and two States have two different units of Sthree Nidhi as on date. He has further requested the Govt., to issue orders for reappointing the existing Managing Director as Managing Director, Sthree Nidhi, Telngana State for a period of 5 years and the other Nominee Directors of the Government in the Managing Committee of Sthree Nidhi.
Government, after careful examination of the matter hereby reappoint the existing MD Sri G. Vidya Sagar Reddy, State Project Advisor, SERP as Managing Director on the Board of Sthree Nidhi Credit Cooperative Federation
Limited for the State of Telangana for a period of two years w.e.f 02.06.2014 with the following Government nominee Directors for a period of 5 years:-
a) Principal Secretary (RD), Government of Telangana.
b) The Spl. Secretary/Secretary, Finance Dept., Govt., of Telangana
c) Registrar of Co-operative Societies, Govt., of Telangana.
5. The terms & conditions specified in the GO 1st read above shall continue to be in vogue.
G.O.MS.No. 6. Dated:06-08-2014
1. G.O.Ms.No.255, PR&RD (RD.II) Dept., Dated:19.08.2011.
2. G.O.Ms.No.285, PR&RD (RD.II) Dept., Dated:26.08.2011.
3. G.O.Ms.No.441, PR&RD (RD.II) Dept., Dated:23.11.2013.
4. Note from Chief Executive Officer, SERP, A.P., HyderabadNo./SN/ADMN/Bifurcation/Note No,542, Dated:16.06.2014.