Special Correspondent

Cooperative Week inaugurated; objective is to spread the philosophy

There are six lakh members of cooperative societies in Shimoga district

1.96 lakh farmers given relief to the extent of Rs. 120 crore under various schemes

BHADRAVATI: President of the Shimoga District Cooperative Central Bank (SDCCB) M.R. Manjunath Gowda said here on Wednesday that it was only through the strengthening of the cooperative sector that economic empowerment could be achieved.

He was inaugurating the Cooperative Week being observed under the joint auspices of the District Cooperative Union and the cooperative banks in the district.

He said that the objective of observing the Cooperative Week was to ensure the proper implementation of programmes to implement the cooperative philosophy which aimed at helping all sections by involving them in cooperative efforts.

He said that there were six lakh members of various cooperative societies in the district.

He said that 1.96 lakh farmers had been extended relief to the extent of Rs. 120 crore under various schemes such as waiver of interest on agricultural loan and extension of loan under the Vidarbha package.

He said that a loan of Rs. 60 crore had been extended to self-help groups in the district.

Deputy Registrar of Cooperative Societies C.S. Devaraj said that the objective of the cooperative sector was to ensure that benefits reached the people belonging to the lowest strata of society.

He said that there were nearly 900 cooperative societies in the district which were working to strengthen the cooperative movement by extending financial help to the poor.

On human resources development in cooperative institutions, SDCCB managing director B.A. Mahadevappa said it was unfortunate that the cooperative sector was losing its vigour as the result of competition being offered by the private sector.

He said, “It is the responsibility of those involved in the cooperative institutions to work dedicatedly in a bid to strengthen the sector.”

He said that it was possible only when every one in the cooperative institutions developed confidence about the cooperative principles.

Administrator of the Bhadra Command Area Development Authority Annaiah said that the cooperative sector would grow automatically if cooperators practiced the cooperative principles.

President of the District Cooperative Union K.S. Krishnamurthy presided over the function.

SDCCB director H. Lokeshappa, T.S. Manjunath, Umblebylu Mohan, K.V. Rudresh and Agricultural Produce Marketing Committe president Jagadeeshwara were present.