6 months ago
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Minister for Municipal Administration K.N. Nehru connected Wednesday said that co-operative institutions were strengthened nether DMK rule.
Speaking astatine the Cooperative Week celebrations here, helium said the co-operative movement, which was started with the purpose of supporting farmers and improving the agrarian economy, was the backbone of agriculture. Though cooperative banks and superior cultivation cooperative recognition societies had been tasked with commercialized activities, the absorption was connected extending harvest loans to farmers. Several steps were taken to rejuvenate banks erstwhile helium was the Minister for Cooperation successful the Cabinet of erstwhile Chief Minister M. Karunanidhi.
He added that helium played a important relation successful reducing the complaint of involvement connected harvest indebtedness from 9% to 3%. It was further reduced to 1%, which was being paid by the State government. It had brought immense payment to the farmers. The institutions had gained spot during the DMK rule.
Mr. Nehru said that determination were 291 cooperative institutions successful Tiruchi district. Of them, 147 were superior cultivation cooperative recognition societies. Several of them were functioning well. A sum of ₹355 crore was extended to 35,311 farmers towards harvest indebtedness successful the territory during the existent year. Similarly, ₹57 crore was fixed to 11,852 persons for raising cattle. The fiscal wellness of Tiruchi District Cooperative Central Bank was good. It was doing good connected the enactment of the nationalised bank.
It was important to support the cooperative institutions. Profit was not the sole purpose of them. They had been offering bully work to the intended stakeholders.
Collector V. Saravanan, Mayor M. Anbazhagan, Corporation Commissioner L. Madhubalan, Joint Registrar of Cooperatives K. Pandian and elder officials participated.
Earlier, Mr. Nehru gave distant trophies to the champion performing cooperative banks and recognition societies.
