No database on the cooperative sector so far; Government has started working to create it: Amit Shah – Jammu and Kashmir Latest News | Tourism
New Delhi, July 16: Union Home and Cooperation Minister Amit Shah stressed on Saturday that “there is no database” for the country’s cooperative sector although the sector has completed several decades of its journey.
“There is no cooperative database. We cannot think of expansion until there is a cooperative database,” Shah said at the National Rural Development Banks (ARDB) conference held here with the aim of preparing a sheet. road for the revival of the sector.
Shah said “we also don’t have the database of cooperative societies of fishermen, nor the database of cooperatives working in the irrigation sector.”
Even, said the minister, there is also “no database on the number of villages deprived of the benefit of the primary agricultural credit society (PACS)”.
“We have started the work of creating the database. It will be of great use I think. Expansion can only happen if you know where to expand. If you don’t know where to expand, then expansion can’t happen,” Shah said.
This basic work has also been started by the Ministry of Cooperation, said the Minister, adding that models of PACS rules of procedure have been transmitted.
He also asked all members of the cooperative sectors to send their suggestions and practical experiences for models of PACS statutes, saying “we want to make PACS multidimensional”.
Shah also sought support from ARDBs to realize Prime Minister Narendra Modi’s vision of doubling farmers’ incomes.
“Without the support of Agricultural Rural Development Banks (ARDBs), we cannot achieve Prime Minister Modi’s vision of doubling farmers’ incomes,” Shah said.
The minister further stressed the need to expand long-term financing for the development of the agricultural sector.
He said ARDBs should also expand their jurisdiction in addition to funding only to achieve the objective of developing agriculture.
Informing on the role of ARDBs, Shah said more than 3 lakh tractors have been financed by these banks and 5.2 lakh farmers have received long-term finance.
Noting that several ARDBs have carried out various reforms, the Minister of Cooperation insisted on the need to develop this sector for the development of cooperatives.
He stressed that “long-term finance should be more than short-term finance for development”.
“I believe there are obstacles, but unless we increase long-term finance, agricultural development, according to Prime Minister Modi’s vision, is impossible. It just can’t happen,” Shah said.
He also said that the cooperative sector cannot be expanded by any government until it develops itself. “The cooperative will play a very important role in realizing PM Modi’s 5 trillion economic vision.”
Speaking at the event, the Minister of State for Cooperation, BL Verma, stressed the need to modernize the ARDB and improve its financial situation.
The National Federation of Agricultural and Rural Development Cooperative Banks Ltd (NAFCARD) organized the ARDB-2022 conference.
The technical session of the one-day conference is to “deliberate on the roadmap for reviving ARDBs and finalize recommendations for submission to government.”
Secretary of Ministry of Cooperation, Gyanesh Kumar, Chairman of NCUI and Chairman of IFFCO, Dileep Sanghani, Chairman of International Cooperative Alliance – Asia-Pacific Region and Chairman of KRIBHCO, Dr. Chandra Pal Singh Yadav, also attended the conference.
The conference also brought together representatives of agricultural and rural development cooperative banks at state and primary levels across the country and representatives of government, NABARD and other national federations.
The National Federation of Cooperative Agriculture and Banks, based in Mumbai, is an apex body of state cooperative banks for agriculture and rural development in the country.
This conference culminates the sector programs of the ARDBs, including the ground-level public contact program as part of the celebration of Azadi Ka Amrit Mahotsav.
The federation also held an award ceremony on the occasion to congratulate the SCARDBs of Kerala, Karnataka, Gujarat and West Bengal for their outstanding performance in lending, collection and improvement in other parameters performance in 2020-21.
Awards were also given to the four oldest ARDBs in the country for their tireless service to the rural sector for over 90 years.
In order to give proper impetus to the cooperative sector under the leadership of Prime Minister Narendra Modi, the Union Government had established the Ministry of Cooperation in July 2021. Amit Shah was put in charge of the new Ministry of Cooperation.
There is immense potential for the development and empowerment of farmers, agriculture and rural areas of the country in the cooperative sector. Therefore, under the leadership of Prime Minister Narendra Modi, the Union government is strengthening the cooperative sector with the mantra of “Sahakar Se Samriddhi”. (Agencies)