57th all India cooperative week celebrations draw to close
Implementation of public distribution system in Tamil Nadu has become a role model for other states, said S. S. Palani Manickam, Union Minister of State for Finance, here on Saturday.
Speaking at the 57th all India cooperative week celebrations, Mr. Palani Manickam said Tamil Nadu is the only state to procure paddy through Tamil Nadu Civil Supplies Corporation (TNCSC); converts it into rice and distributes to the public through PDS. "We procure from farmers and sell it to consumers. Because of the subsidised cooperative system, paddy is purchased at Rs. 10 per kg and rice is given at Rs 1 per kg," the Minister pointed out.
He recalled the waiver of cooperative loans of Rs. 7,000 crore for the benefit of farmers in 2006. Later, the government provided Rs. 1,200 to Rs. 2,000 crore for rehabilitation of cooperative banks. Another first for Tamil Nadu is the implementation of the Vaidhyanathan Committee recommendations.
Ko.Si.Mani, Co-operation Minister, said crop loans of Rs. 8,188 crore have been disbursed by cooperative banks in the last four and a half years in the state. The Minister said cooperative banks that disbursed loans of Rs. 7,513 crore during 2005-06, have handed over loans of Rs. 25,000 crore. Deposits in cooperative banks that stood at Rs. 14,964 crore during 2005-06 have increased to Rs. 25,000 crore.
A total of 199 primary agriculture cooperative societies for which closure notice have been issued have been rehabilitated and they have disbursed over Rs. 200 crore as loans.
The Minister said Rs. 25 lakh would be sanctioned as interest free loan from cooperative development fund for modernising Thanjavur Cauvery cooperative wholesale supermarket.
Jatindranath Swain, Registrar of Cooperatives, said 3,600 primary agriculture cooperative societies in the state are making profits. Out of 34 wholesale co-operative super markets, 33 are making brisk business.
M.S.Shanmugham, Collector, said PACBs in Thanjavur district have disbursed Rs. 80 crore as crop loans for 2010-11, against a target of Rs. 95 crore. As part of diversification of activities, seven agro clinics have been opened.
Durai Chandrasekaran, MLA, S. Kalyanasundaram and K. Anbazhagan, District Panchayat Council members, T.Selvam, Chairman, Thanjavur Marketing Committee and S.P.Thamizhazhagan, Chairman, Kumbakonam Municipal Council, spoke.