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Centre to bring new cooperative policy soon: Amit Shah
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SME Times News Bureau | 25 Sep, 2021
Union Home and Cooperation Minister Amit Shah on Saturday said that the
government will bring a new cooperative policy with suitable changes,
the new policy will be implemented by the end of this year.
Addressing
the first Cooperative conference here, he said that the cooperative
sector needs to be strengthened and all important units in the entire
network will soon be computerised.
"Many people say that
cooperative is state subject but I must tell you that we will not have
any confrontation with the states and will be working with them in
poverty amelioration and help them in the matter of cooperatives", Shah
said.
He also said that all Pax, district cooperative banks,
National Bank for Agriculture and Rural Development and other important
financial institutions will be revamped with a new software system.
The
Minister also announced that a new cooperative will be created for the
fishermen in the country which will help them in their business in many
ways.
Noting that the Cooperative credit facility has to be made
more liberalised, Shah further said many people in this country do not
get small loans from banks or financial institutions as they do not have
any paper or something to mortgage, these cooperative institutions will
address their concern.
He also said that cooperative sector will
have major role in achieving the Prime Minister Narendra Modi's target
of five trillion dollar economy by 2025 and after creating a new
Ministry, nobody will be able to do injustice to this sector.
He
also urged the representatives of the various cooperative federations to
make this sector successful, training, skill development and
transparency was required for filling in posts and appointing office
bearers.
Shah also said that creating the Ministry of Cooperation
was the need of the hour and this will develop and make the poor,
farmers, women and downtrodden of the society.
The PM Modi's
mantra of 'sahkar se samridhi' (prosperity from cooperation) will play
an important role in poverty alleviation in rural India.
The
Minister also attacked the critics who say that the days of the
cooperatives are over. Referring to the example of Amul Cooperative,
Shah further said that it was created on the vision of Sardar Patel with
only 80 farmers in 1946 and now its turnover has been over Rs 53,000
crore per annum.
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