Govt to ensure fair role for SC/STs in co-ops

DH News Service

Co-operatives Minister D K Shivakumar has said that the government has set aside Rs 1 crore as share investment to enable SC/STs and minorities gain membership of co-operatives in the State.He was speaking after inaugurating the Beelur Gurubasava Credit Co-operative Society and the new building of the Basaveshwara Commerce College recently.

The minister also said that 50 per cent of agricultural loans being disbursed by co-op banks, will be given to new farmers. Of the 28,000 co-ops in the State, about 20,000 are functioning well. Only trust can foster the growth of co-ops, he noted.

Parliament member R S Patil, MLC S R Patil, Dr M P Nadagouda, BTD President G N Patil, Murugendra Swamiji of the Beelur Virakta Math, Prabhu Swamiji of Charanthi Math, and others were present. Later addressing press persons, Mr Shivakumar said a special squad has been formed to initiate action against illegal chit fund operators. The RBI has also accorded permission to start district credit co-op banks in the newly formed districts of Bagalkot and Davanagere. Steps will also be taken to reopen the textile mill in Bagalkot which had closed some time back, he added.

Referred by:Balram Sampla
Published on: April 6, 2001
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