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Congress revived co-op societies: YSR

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BEAMING WINNERS: Chief Minister Y. S. Rajasekhara Reddy giving away prizes to winners of the National Debating Competitions on Co-operative movement at the Andhra Pradesh Academy of Rural Development in Hyderabad on Saturday. PHOTO: P. V. Si vakumar.
BEAMING WINNERS: Chief Minister Y. S. Rajasekhara Reddy giving away prizes to winners of the National Debating Competitions on Co-operative movement at the Andhra Pradesh Academy of Rural Development in Hyderabad on Saturday. PHOTO: P. V. Si vakumar.

Special Correspondent

`They were dying when the party came to power'

HYDERABAD: Chief Minister Y.S. Rajasekhara Reddy has said that his Government had taken steps to revive the cooperative institutions in the State when they were dying at the time of his taking over. "The Primary Agricultural Cooperative Societies (PACS) were dying a natural death without elections to their managing committees for nearly a decade. Their staff did not have salaries either," Dr. Reddy said at the valedictory of a symposium at the Institute of Cooperative Management here on Saturday.

Fund inflow

He said the Government pumped in Rs. 250 crore to the societies, restructuring them and holding elections to their managing committees last year. In spite of the Government initiative, Dr. Reddy said the cooperative movement took a beating in the recent past since the performance of the societies was not up to the mark. "There are some black sheep here and there," he remarked. But he added that organisations like IFFCO, KRIBHCO and Amul, stood out as sterling examplesof outstanding performance by the societies.

Insisting that PACS accounted for almost 40 per cent of loans to farmers, Dr. Reddy said this was possible due to low interest rate. Dr. Reddy praised the Self-Help Groups (SHGs) in the State for inculcating the spirit of cooperation to achieve economic success.

Corpus planned

Sawai Singh Sisodia, President, National Cooperative Union of India (NCUI), which organised the three-day event, said the union drew up plans to create a corpus of Rs. 200 crore by March to fund the activities of its management institutions at national, regional and State levels and the proposed Cooperative University. Cooperation Minister, K. Laxminarayana, and chairman of high-power committee on cooperatives, Shivaji Rao G. Patil, were present.


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