Last updated on July 18th, 2023 at 04:50 pm
Estimated reading time: 3 minutes
On 31st of December Amit Shah, Union Minister of Home and Cooperation, addressed the ‘Cooperative Beneficiaries Conference’ in Bengaluru, Karnataka today. The occasion was graced by the presence of several dignitaries including Chief Minister of Karnataka Shri Basavaraj Bommai and Union Minister Shri Pralhad Joshi.
Amit Shah said in his address that the cooperative movement in Karnataka has been progressing at a good speed for more than a hundred years. “In 1905,” he said, “the first cooperative society in the whole country was established in the Gadag district of Karnataka.” An example of successful cooperative movement, today, is Amul, KRIBHCO, IFFCO, and Lijjat Papad.
Amit Shah said A huge achievement, the Union Minister of Cooperation said that under the Nandini brand in Karnataka about 23 lakh farmers, mostly women, are paid Rs 28 crore per day making their lives more prosperous. “The beauty of the cooperatives is ‘Production for Masses, Production by Masses‘,”
The cooperative movement has been given new momentum and long life by the P M Modi said, Amit Shah. He said that out of thirty lakh cooperatives in the whole world, India has nine lakh cooperatives. PACS are cooperative societies in India that link about 91 percent of the country’s population in one way or another, covering 70 percent of the nation’s farmers.
Shah said, There are 33 state-level cooperative banks, 363 district-level cooperative banks, and 63,000 PACS in the country, Today, “19 percent of our agriculture finance is done through cooperative societies.”
Cooperatives are responsible for 35 percent of fertilizer distribution, 30 percent of fertilizer production, 40 percent of sugar production, 13 percent of procurement of wheat, and 20 percent of paddy procurement.
Many farmer-centric schemes have been made and hastened further since the government led by PM Modi came in, the country’s first Minister of Cooperation said 18 thousand crores “After the formation of the Ministry of Cooperation,” he said, “many decisions were taken, such as to bring transparency in cooperatives.
Computerization of 63thousand PACS across the country has been accomplished at a cost of Rs. 18 thousand crores.” 2.5 billion An action plan to form 2 lakh new cooperative societies in three years has been prepared by NABARD, NDDB, and the Ministry of Cooperation. After this scheme, the coverage of cooperatives in the country, succession., and the number of its beneficiaries will increase more than three times, said Shri Shah.
“It is not only the responsibility of Karnataka to strengthen the cooperative movement in the state, but other states across the country must also establish some ideals so that they can get the message and adopt the best practices from Karnataka to create a new model of cooperation in their respective states,” said Union Home and Cooperation Minister.
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