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Strengthen the cooperative movement: Karnataka Dy CM

Posted on Nov 14, 05:45PM | UNI

Karnataka Deputy Chief Minister R Ashok today called upon the people involved in the co-operative movement to strengthen it to help farmers.

Speaking after inaugurating the 59th Co-operative Week and International Cooperative year, here he said the cooperative sector is one of the biggest sector in the country. The government could not take up all the works and extend facilities to the needy but the cooperative institutions are able to fulfill the needs of the farmers and others, he added.

He said about 5.87 lakh cooperative institutions across the country, with membership of 24 crores, is the biggest sector working for the people.

Admitting that it was easy to open cooperative institutions, but very difficult to carry on for many years, he regretted that more than 70 per cent of the cooperative institutions would die in short span. The cooperative movement was an oldest sector in the state and this movement should be carry on and those who have no interest should not step down to close it.

Mr Ashok said the state government is committed to encourage the cooperative sector and farmers by giving crop loans to three per cent, one per cent and now zero per cent through the cooperative institutions in the state.

Speaking on the occasion Minister for Cooperation B J Puttaswamy said the state government has so far released Rs 35 crore for loan waiver benefitting 17 lakh farmers.