The actual purpose why Sharad Pawar met PM Modi

With the creation of the brand new Ministry to take care of the cooperative sector, Sharad Pawar is already feeling the warmth. The 80-year-old chief met with Prime Minister Modi to debate the banking sector, and one can simply guess that his major concern was cooperative banking.The Modi authorities created a brand new ministry out of what was a minor division within the Ministry of Agriculture and the Union Home Minister is in control of this new ministry – the Ministry of Cooperatives.“This meeting was due for many days and a time was found today (Saturday). A leader from Maharashtra meeting the Prime Minister has nothing to do with anything else… We expect that the PM will consider all requests of the banking sector,” NCP chief and Maharashtra minister Nawab Malik stated.Sharad Pawar has been the uncrowned king of the cooperatives sector as he has constructed his politics round cooperative banks and cooperative sugar mills. More than 150 MLAs from Maharashtra have some sort of direct or oblique reference to the cooperative sector, and Sharad Pawar sits on the high of this empire.In the final 5 a long time, many leaders have tried to weaken Sharad Pawar and have succeeded to some extent, however nobody might destroy his politico-business empire given his management over cooperatives. Sharad Pawar is aware of very properly that so long as he has management over cooperatives, his politics and enterprise empire would flourish.However, with the current reforms, the Modi authorities is making an attempt to destroy the stranglehold of the politicians from the cooperatives and in addition making an attempt to wash up the sector that has been an avenue for politicians to generate ample quantity of black cash and maintain sway over the constituents of the world.First, cooperative banking was cleaned up by the Modi authorities by giving its direct management to the Reserve Bank of India, which has barred the involvement of individuals with even distant political connections in working these banks.And now the opposite establishments of the cooperative sector like cooperative housing society, cooperative sugar mills would even be cleaned up slowly and for this goal, the brand new Ministry of Cooperatives has been created.Just a few years in the past,  Ajit Pawar confronted corruption allegations within the alleged Rs. 25,000-crore Maharashtra State Cooperative Bank Ltd. rip-off together with the NCP Founder-President, Sharad Pawar, following which Ajit Pawar had resigned from the Baramati meeting seat. And the investigation companies together with Enforcement Directorate have stepped up the investigation in that case.When the Union authorities introduced the cooperative banks beneath the RBI, Sharad Pawar was probably the most vocal critic of it, and he’s coming strongly towards the creation of cooperatives ministry too.The Pawar household is the very best instance of how politicians use public workplaces to reap financial dividends. Sharad Pawar constructed the political and enterprise empire by influencing agriculture and associated industries by means of coverage manipulation. The cooperative banks, sugar mills, agriculture market produce committee (APMC) had been the devices for Sharad Pawar to construct the ability base of the politics of the state.With the whole management of banks getting into fingers of RBI and the Union authorities, the politicians concern dropping out on straightforward cash that these banks churned for them persistently and this can be the explanation that Pawar is making an attempt to woo PM Modi to go tender on the cooperatives sector. However, given PM’s model of functioning, that is hardly going to have any impact on the Union authorities’s decision to wash up the sector.