Jyotindra Mehta, NAFCUB President
In passing away of of Dr. A. Vaidyanathan, Indian cooperative movement has lost a person who had studied and understood the cooperative credit structure. He understood the stifling effects of restrictive cooperative legislations on the growth of cooperatives in general and rural credit cooperatives in particular.
He was a strong votary of liberal acts. His comprehensive report on the rural cooperative credit system in India and the far-reaching recommendations, now famously known as Vaidyanathan Committee Report, was a watershed event for the sector.
The reformist impact of the report was diluted to great extant due to tardy and partial implementation of its recommendations. While the financial package part of the recommendations was given effect to, many important recommendations on structural and administrative reforms in the sector were not taken seriously in many states.”
Vidyadhar Anaskar, NAFCUB Vice-President
Saddened to hear the demise of Prof A Vaidyanathan, an eminent economist and former member of the planning commission. He always tried hard to strengthen the cooperative movement.
The strategies suggested by him for the development of the cooperative sector including there should be professionalism in cooperatives, there should experts as directors on the board of cooperative banks, depositors can also have the right to exercise the voting rights, there should be minimum interference of government in the activities of DCCBs and SCBs among other things.
The role played by him in strengthening the cooperative movement will always be remembered. I had a chance to meet him in 2004 in Mumbai.
Vamnicom Director K K Tripathy
VAMNICOM conveys its deepest condolences for the sad demise of Prof. A. Vaidyanathan. RIP. He will not only be remembered as a visionary policy advisor of the government of India, but also be recalled by research scholars as a quality data scientist and empirical data Analytics.
The country has lost an expert academician and an avid believer in the strength of the rural cooperative credit system towards sustainable rural development. An irreparable loss for the Cooperatives Sector. May the departed soul rest in peace.
Sahakar Bharati President Ramesh Vaidya
He was a champion, thinker and firm believer in the cooperative movement. He was of the opinion that the cooperative sector is the best vehicle to strengthen rural India.. Sad demise. Om Shanti
Maharashtra UCB Federation Sayali Bhoir
Kindly accept our sincere condolences on the sad demise of (L) Vaidyanathan.
Based on the recommendations of a committee under his chairmanship, the Central government rolled out a package for revival of the short term rural co-operative credit structure.
The committee also had suggested wide ranging reforms in the governance and management of STCCS including some crucial amendments in the respective State Co-operative Societies Acts. His work for the betterment of the sector will never be forgotten.
Sahkar Bharati National General Secretary Uday Joshi
After his doctoral degree from US, A Vaidyanathan joined in India, NCAER in 1956. A Vaidyanathan worked for Planning Commission from 1962 to 72. He was actively involved in developing India’s Statistical System & National Sample Survey. He has occupied the post of director Central Board of RBI.
Most remarkable work of his carrier, was the report to strengthen the three tier coop credit structure of the rural India. Unfortunately, his recommendations were not properly implemented in total & finally many State Govts withdraw from MOU as was anticipated in his report. Sahakar Bharati prays for his soul to rest in peace.
Dr Priyotosh Khan Secretary Dhakuria Cooperative Bank
A stalwart in the Rural Co- operative movement is no more ; a great loss for rural credit societies in India. R. I. P
Satish Gandhe, Ex-CEO,Vishweshwar Sahakari Bank,Pune
I am sorry to know sad demise of learned veteran banker Shri Vaidyanathan Saheb.He had worked very sincerely to bring better reforms in Urban banking industry through chairing such study teams.
Once I had an occasion to interact with him and I got impressed by his noble approach to help our weak section of Indian economy. His spectacular work will be always remembered by my fraternity of UCBs.
All UCBs should follow his guidelines for further improvements. It will be true tributes to departed soul.
Nagaland State Cooperative Bank Vice-Chairman Kekhwengulo Lea
Saddened to learn of the demise of A Vaidyanathan the man who selflessly rendered his best service to strengthen the credit co-ops. The Nagaland State Co-operative Bank expressed heartfelt condolences to the bereaved family and may his soul rest in eternal peace.
Subhra Jyoti Bharali CEO Industrial Coop Bank
It is a great loss to the Cooperative Sector. We are saddened by the news of his demise and pray for his soul to rest in peace. His contribution to the agricultural credit would be remembered by all and the strategies suggested by him for revival of cooperation was a great contribution to the Indian Cooperative Sector.
Dharavi Sahakari Patpedhi Maryadit Chairman Pardip Kadam
He was the authority over the credit facilities in rural areas. It is a great loss to the rural economy. May god bless the departed soul.