On the eve of cooperative week the Himachal Pradesh government has said that cooperative movements should be strengthened in the state through employment oriented education and training.
Chief Minister P K Dhumal said that hydro-electric cooperatives should be constituted to inculcate the spirit of entrepreneurship among educated unemployed youth, on the sidelines of the commencement of 57th Cooperative Week celebrations in the state.
He underlined the need for moral and ethical education of the co-operators by carrying periodic self audit and monitoring by higher authorities. The state government would reward cooperative societies with a good performance and punish the ones who don’t perform.
He said that 508 more posts had been sanctioned for HP State Cooperative Bank and Kangra Central Cooperative Bank under new staffing pattern approved by the State Government to bring efficiency in the functioning of the banks by increasing the strength from 3,726 to 4,234.
Dhumal added the state government had implemented the recommendations of Vaidyanathan Committee in the matter of signing of MoU between the Centre, Nabard and the state was under the active consideration of the Centre, which would grant autonomy to the cooperatives and benefit them through funding the cumulative losses and computerisation to the tune of Rs 70 crore.
He said the existing cooperatives had working capital of Rs 11,947.83 crore and disbursed short term agricultural and social welfare loans worth Rs 402.05 crore and long-term loans wroth Rs 49.79 crore for agriculture and non-agriculture activities.
Courtesy:PTI