Govt approves package of around Rs. 14,000 crore to revamp cooperative credit structure

A package of around Rs 14,000 Crore approved by the Govt in order to revamp the cooperative credit structure in India.

Agriculture Minister Sharad Pawar held that the government has also enacted a law to ascertain democratic, autonomous and professional function of the cooperatives. Govt has sanctioned the National Policy on cooperative aimed at providing essential support and fillip.

Former President, Dr. A.P.J Abdul Kalam held that cooperative should work for inclusive growth in India and with more than 6 lakh cooperative societies and 250 million members, the Indian cooperative sector is one of the largest cooperative movements in the world and it can play a big role in India’s development.

Month: Current Affairs - May, 2012