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Steps to help ailing cooperatives

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Aiming at welfare: Cooperation Minister G. Sudhakaran inaugurating a State-level co-operative development project in the city on Monday.
Aiming at welfare: Cooperation Minister G. Sudhakaran inaugurating a State-level co-operative development project in the city on Monday.

Staff Reporter

Kozhikode: Cooperation Minister G. Sudhakaran inaugurated a reworked scheme of the Kerala State Cooperative Risk Fund and the Kerala Cooperative Debt Relief Scheme here on Monday.

Mr. Sudhakaran said that several new initiatives including measures to help out ailing cooperatives had been incorporated in the new State-level scheme.

“Some awards to encourage the best performing cooperatives have also been introduced,” he said.

Some changes in the bylaw of the Cooperative Welfare Board to the effect of strengthening the economic base of the cooperatives had been introduced, he said.

Action against banks

The Minister said that strict measures would be taken against those cooperative banks which were reluctant to lend agricultural loans to farmers. He said there were more than 1,600 primary cooperative banks in the State among which only very few gave agricultural loans to farmers. “They (cooperative banks) seem to have been badly influenced by the anti-farmer mindset of the new generation banks,” the Minister said.

Kerala Cooperative Development Welfare Board vice-chairman P.A Ummar presided over the function.

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