Monday, October 3, 2022

He Responsibility For Empowering The People Lies With The Government, Including The Co-operatives Says Minister Amit Saha

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Amit Saha: Home and Co-operation Minister Amit Shah (Statement)) Did. The Government of India is creating a data bank for the entire co-operative sector. This has paved the way for the establishment of a co-operative university, Shah said. Shah was addressing a national conference of scheduled and multi-state civic co-operative banks and credit unions in New Delhi on behalf of the Ministry of Co-operation and the Federation of National Civil Co-operative Banks and Credit Unions.

The country is celebrating the nectar of independence this year. After 25 years, when the country is celebrating 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 is participation and cooperation of all in this process and people at all levels will set their own 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 lives with equal rights. This is the biggest goal in front of us, said Amit Shah.

The journey of co-operative societies 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 They are considered outdated and irrelevant.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 models of Amul, Krishak Bharati Sahakari Limited (Kribhco), Bharatiya Shetkari Khat Sahakari Limited (IFFCO) and Lijjat Papad. If you take a look at the more than 195 co-operative banks that are more than a hundred years old, you will find that they are just as relevant today. One hundred years is a very long period. The co-operative societies of the country have completed this journey with great success. But the journey of the next 100 years will have to be completed with great pride and hard work in the development of the country. The scope and acceptability of cooperation is to be increased for the next hundred years. Based on their actions, those who consider cooperatives irrelevant will have to be explained not on the basis of theory but on the basis of their performance. Shah said that this responsibility belongs to all of us.

Empowerment through civic co-operative credit societies

Empowering people who are not financially capable is the responsibility of both cooperatives and the government. There can be no better way than empowerment through civic co-operative banks and civic co-operative credit societies, Shah said. He said that 10,000 branches, deposits of Rs 5 lakh crore, advances of Rs 3 lakh crore are good figures. However, the role of co-operatives in the banking sector also needs to be introspected. In the banking sector, civic co-operative banks account for only 3.25 per cent in deposits and 2.69 per cent in advance. Shah also said that we should not be satisfied with that but should resolve to expand it. “If you want to expand, don’t think about deadlines, now you have to think about the next 100 years and for that you have to make some organizational changes in yourself,” he said.

Over time, that is likely to change

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

The Ministry of Co-operation took two steps forward to solve the problem

There are many problems related to civic co-operative banks. The Ministry of Co-operation is two steps ahead of your expectations in solving this problem. Since the establishment of the Ministry of Co-operation, many changes have taken place, including the issues of taxation and valuation of sugar factories. The Government of India is creating a data bank for the entire co-operative sector. This has paved the way for the establishment of a co-operative university. The Union Cabinet has also approved purchases from large co-operatives through government e-markets. Prime Minister Narendra Modi has allowed non-government entities to buy from the government e-market only for co-operation, which is very important for transparency, Shah said.

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