Financial Daily
from THE HINDU group of publications

Wednesday, August 01, 2001



News | Next | Prev

National policy on Co-ops soon

Our Bureau


THE Centre is expected to come out soon with a national policy on co-operatives which recognises the cooperatives as a distinctive sector of the economy with individual institutions being considered as potential instruments of socio-economic development.

This was stated here by Mr I.S. Chaturvedi, Deputy Managing Director, National Cooperative Development Corporation (NCDC), while delivering the key-note address at the 27th meeting of the State-level review and implementation committee on NCDC programmes in Kerala. The co-operatives policy, when implemented in tandem with the already adopted national policy on agriculture, would ensure that the cooperatives work as autonomous, self-reliant and democratically managed institutions accountable to their mem bers.

Mr Chaturvedi exhorted the cooperatives to go high-tech to be able to manage their affairs efficiently and professionally and deliver the goods qualitatively.

The NCDC is contemplating to sanction projects worth about Rs 150 crore and disburse Rs 80 crore to the Government of Kerala during the current financial year (2001-02) for various cooperative development programmes which would benefit small and marginal farmers, according to Mr P. Chellathangam, Regional Director.

The review meeting deliberated extensively on the new project areas identified by the NCDC for the current year which covered agro-processing (Rs 31 crore), fisheries (Rs 30 crore), district-based integrated cooperative development projects (Rs 52 crore) , coir projects (Rs 10 crore), textile projects (Rs 10 crore), marketing and storage projects (Rs 9 crore), consumer projects (Rs 5 crore) and computerisation (Rs 3 crore).

Comment on this article to

Send this article to Friends by E-Mail

Next: Coimbatore to have mini Tidel park
Prev: Unicef, charting out perspective plan for AP

Agri-Business | Corporate | Features | Letters | Macro Economy | Markets | News | Opinion | Variety | Info-Tech | Catalyst | Investment World | Money & Banking | Logistics |

Page One | Index | Home

Copyright © 2001 The Hindu Business Line.

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.