Amit Shah addresses annual meeting of Rajkot cooperative societies
ECONOMY & POLICY

Amit Shah addresses annual meeting of Rajkot cooperative societies

Union Home Minister and Minister of Cooperation Amit Shah on Monday addressed the annual meeting of seven district-level cooperative societies, including the Rajkot District Cooperative Bank Limited, in Rajkot, Gujarat. Union Minister of Youth Affairs and Sports Mansukh Mandaviya and other dignitaries were present on the occasion.

Shah recalled that farmers, livestock owners and fishermen had long sought a dedicated Ministry of Cooperation. He said this demand was fulfilled in 2021 when Prime Minister Narendra Modi created the ministry, ensuring that millions of people could receive the profits of their hard work directly in their bank accounts.

He described Rajkot’s cooperative sector as a model for the country and urged the establishment of milk, service, and warehouse-equipped societies in every village. On the occasion, statues of Sardar Vallabhbhai Patel and Vitthalbhai Radadiya were unveiled, honouring their contributions to strengthening the Rajkot District Cooperative Bank. Shah also noted that 22 people received benefits under the bank’s accident insurance scheme and nine societies were awarded motorcycles and compensation under the Krishi Samaj Awards.

The Minister highlighted the Rajkot District Cooperative Bank’s record, including multiple NABARD awards, over five decades of profitability, and consistently maintaining less than 1 per cent NPA while offering low-interest loans. He emphasised that cooperative institutions must channel profits for farmers’ welfare rather than private capital.

Speaking on broader reforms, Shah said the government has launched over 60 initiatives in the last three years to strengthen the cooperative sector, including PACS computerisation, warehouse development, water conservation projects and dairy cooperatives. He also mentioned the establishment of Tribhuvan Sahkari University in Anand, Gujarat, as India’s first national cooperative university.

He noted that new cooperatives and dairy unions are emerging nationwide, backed by computerised systems that ensure profits are returned to farmers. In Gujarat, he said, a system is being implemented to ensure cooperative institutions avail loans only from district and state cooperative banks, with successful pilots in Banaskantha and Panchmahal districts.

News source: PIB

Union Home Minister and Minister of Cooperation Amit Shah on Monday addressed the annual meeting of seven district-level cooperative societies, including the Rajkot District Cooperative Bank Limited, in Rajkot, Gujarat. Union Minister of Youth Affairs and Sports Mansukh Mandaviya and other dignitaries were present on the occasion.Shah recalled that farmers, livestock owners and fishermen had long sought a dedicated Ministry of Cooperation. He said this demand was fulfilled in 2021 when Prime Minister Narendra Modi created the ministry, ensuring that millions of people could receive the profits of their hard work directly in their bank accounts.He described Rajkot’s cooperative sector as a model for the country and urged the establishment of milk, service, and warehouse-equipped societies in every village. On the occasion, statues of Sardar Vallabhbhai Patel and Vitthalbhai Radadiya were unveiled, honouring their contributions to strengthening the Rajkot District Cooperative Bank. Shah also noted that 22 people received benefits under the bank’s accident insurance scheme and nine societies were awarded motorcycles and compensation under the Krishi Samaj Awards.The Minister highlighted the Rajkot District Cooperative Bank’s record, including multiple NABARD awards, over five decades of profitability, and consistently maintaining less than 1 per cent NPA while offering low-interest loans. He emphasised that cooperative institutions must channel profits for farmers’ welfare rather than private capital.Speaking on broader reforms, Shah said the government has launched over 60 initiatives in the last three years to strengthen the cooperative sector, including PACS computerisation, warehouse development, water conservation projects and dairy cooperatives. He also mentioned the establishment of Tribhuvan Sahkari University in Anand, Gujarat, as India’s first national cooperative university.He noted that new cooperatives and dairy unions are emerging nationwide, backed by computerised systems that ensure profits are returned to farmers. In Gujarat, he said, a system is being implemented to ensure cooperative institutions avail loans only from district and state cooperative banks, with successful pilots in Banaskantha and Panchmahal districts.News source: PIB

Next Story
Infrastructure Transport

PNC Infratech Bags Rs 4.96 Billion Bridge Project In Bihar

PNC Infratech Ltd announced on Friday that it has received a letter of acceptance (LoA) worth Rs 4.96 billion from the Bihar State Road Development Corporation (BSRDC).The project entails constructing a high-level bridge and approach road along the Hathouri–Atrar–Bavangama–Aurai Road, covering 21.3 km. The contract, awarded under the EPC model, is slated for completion within 1,095 days, or three years.The company confirmed that neither its promoters nor group entities hold any interest in the awarding authority. The LoA follows PNC’s earlier announcement on 5 September, when the proje..

Next Story
Infrastructure Urban

Pampore Residents Struggle As Smart City Buses Detour

Residents of Pampore are facing severe inconvenience as the Smart City bus service on route 7A continues to bypass the town, forcing commuters to seek alternative transport.The service, connecting Jahangir Chowk in Srinagar to Pahoo via Pampore Road, was suspended earlier this month after heavy rainfall on 5 September damaged the embankment at Drangbal due to the Jhelum river overflowing. Operations were temporarily halted for reconstruction work.Although repairs were reportedly completed several days ago, buses continue to detour via the Panthachowk bypass, skipping Pampore’s main market an..

Next Story
Infrastructure Urban

BMC Hosts E-Waste Management Exhibition In Mumbai

The BMC Education Department, in collaboration with Electrofine Recycling Pvt. Ltd., is hosting an E-Waste Management Exhibition on Friday, 19 September, from 10:00 am to 5:00 pm at N. M. Joshi School, Curry Road, Mumbai.The exhibition will feature innovative student projects on e-waste reuse, recycling and responsible disposal. Over the past four months, BMC and its partner have collected and recycled 15,000 kg of electronic waste across the city.Students from municipal schools will present projects, models and initiatives aimed at promoting environmentally sustainable practices. The hands-on..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?