India, May 13 -- Chief minister Devendra Fadnavis on Monday said that cooperative housing societies in the state could soon avail loans at concessional rates to redevelop their properties themselves.

"We have requested union cooperation minister Amit Shah to see if the National Cooperative Development Corporation (NCDC) can provide loans to cooperative housing societies at concessional rates," Fadnavis said while addressing a seminar on challenges before the cooperative sector at the YB Chavan Centre in south Mumbai. Union transport minister Nitin Gadkari, deputy chief ministers Eknath Shinde and Ajit Pawar and NCP (SP) chief Sharad Pawar attended the event.

Though the NCDC's jurisdiction was limited to rural areas, the union home minis...