Amit Saha: Along with the cooperatives paving the way for the establishment of cooperative universities, it is the responsibility of the government to empower the people: Amit Shah

Amit Saha: Home and Cooperation Minister Amit Saha said that those who want inclusive and inclusive development Of For those who are not financially capable, it is the responsibility of both the cooperative society and the government to empower them. The Government of India is creating a data bank for the entire cooperative sector. Shah […]
 


Amit Saha: Along with the cooperatives paving the way for the establishment of cooperative universities, it is the responsibility of the government to empower the people: Amit Shah

Amit Saha: Home and Cooperation Minister Amit Saha said that those who want inclusive and inclusive development Of For those who are not financially capable, it is the responsibility of both the cooperative society and the government to empower them. The Government of India is creating a data bank for the entire cooperative sector. Shah said that this has paved the way for the establishment of a cooperative university. Shah was addressing a National Conference of Scheduled and Multi-State Civil Co-operative Banks and Credit Unions organized by the Ministry of Cooperation and Federation of National Civil Co-operative Banks and Credit Unions in New Delhi.

The country is celebrating the elixir of independence this year. After 25 years, as the country celebrates the centenary of independence, Prime Minister Narendra Modi has set a goal that India should be the best in all fields. Shah also said that when there will be everyone’s participation and cooperation in this process and people from all walks of life will set their goals in 25 years. The development of the country, taking the country’s economy to the top of the world economy and all citizens should be able to live their life with equal rights. Amit Shah said, this is the biggest goal before us.

The journey of cooperatives in the country is long

Some people look at cooperatives from a different perspective. They are considered outdated and irrelevant. But they should look at the model of Amul, Krishak Bharti Sahakari Limited (KRIBHCO), Bhartiya Shetkari Khat Sahakari Limited (IFFCO) and Lijjat Papad. If you take a look at more than 195 co-operative banks which are more than a hundred years old, you will find that they are as relevant today. A hundred years is a very long period. The cooperative societies of the country have completed this journey with great success. But the journey of the next 100 years has to be completed by contributing with great pride and hard work in the development of the country. The scope and acceptability of cooperation is to be extended for the next hundred years. Those who consider cooperatives to be irrelevant have to be explained on the basis of their performance on the basis of their functions and not on the basis of theory. Shah said that this responsibility is of all of us.

Empowerment through Citizens Co-operative Credit Societies

 

It is the responsibility of both the cooperative societies and the government to empower those who are not financially capable. Shah said that there can be no better way than through empowerment through citizen cooperative banks and citizen cooperative credit societies. He said 10,000 branches, Rs 5 lakh crore deposits, Rs 3 lakh crore advances are good figures. However, the role of cooperatives in the banking sector also needs to be introspected. In the banking sector, citizens’ cooperative banks account for only 3.25 per cent in deposits and 2.69 per cent in advances. Shah also said that we should not be satisfied with this, but should resolve to expand it. “If you want to expand, don’t think about the time frame, now you have to think about the next 100 years and for that you have to make some institutional changes in yourself,” he said.

Over time, this is likely to change

We want to create space for new and professional people and bring them into the field of collaboration. They will take forward the cooperative, the new generation will learn from your experience and the old generation will teach the new, this is the approach we should adopt. We should also compare our manpower with our competing private banks and nationalized banks. Several things need to be considered, such as professional recruitment process, complete computerization of accounting system, and automatic notification in accounting software. If you want to survive in the competition, you have to change yourself with the times. You have to introspect and accept the new improvements. Although 40 per cent urbanization has taken place in the country, the participation of cooperatives is limited.

Ministry of Cooperation took two steps forward to solve the problem

There are many problems related to citizen cooperative banks. The Ministry of Cooperation is two steps ahead of your expectations in solving this problem. Since the inception of the Ministry of Cooperation, there have been many changes including the issues of taxation and valuation of sugar mills. The Government of India is creating a data bank for the entire cooperative sector. This paved the way for the establishment of a cooperative university. The Union Cabinet has also approved procurement from large cooperative societies through government e-markets. Shah said that Prime Minister Narendra Modi has allowed non-government entities to buy from the government e-market only for support, which is very important for transparency.