Corpus Fund of Rs 200 crore created for Co-ops' promotion

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New Delhi, Nov 14 (UNI) Cooperatives' apex body has created a Corpus Fund of Rs 200 crore to take up cooperative education and training programme and decided to set up an International Cooperative University at Pune for human resources development to serve the related set-ups in the country.

Mr Ghanshyam H Amin, president of the National Cooperative Union of India (NCUI), an apex organisation of cooperative movement made an announcment in this regard on the eve of the 54th All India Cooperative Week, beginning today.

The top brass of a dozen leading Cooperatives including that of IFFCO, KRIBHCO, NCCF, NAFCUB, NFFC and NAFED briefed mediapersons airing their grudge against the government for favouring the private enterprise and giving 'step-motherly treatment' to the cooperatives.

The government's rules and regulations become flexible, laws undergo required amendments and bureacratic heirarchy bends backward at the biddings of the private players while cooperatives continue to sulk for years for a minor concession, summed up an NCCF leader on grievances of the cooperatives.

And, the setting up the SEZs by the government is a clear manifestation of that, he said.

Cooperatives could serve both the producer and consumer well, said the chief of the National Cooperative Consumers' Federation of India (NCCF).

The government's policy of allowing the setting up of the big malls to facilitate the entry of retail giant WallMart will ultimately end up creating big gap between the rich and poor, providing a fertile ground for the proliferation of naxalites in the country, he said.

The Cooperators felt that while fertiliser manufacturing giants IFFCO, KRIBHCO are success stories of the cooperatives each has chartered a separate path for them and are not coodinating with one another to boost the cooperative movement in the country which is the only answer to the concentration of wealth in a few hands while pauperising millions of countrymen.

In this context, KRIBHCO's preference for tie-up with Satyam Telecom for acquiring a fertiliser plant at Shahjahanpur in UP at 50:50 basis came up for discussion.

NCUI spokesperson Bhagwati Prasad said that after the country adopted liberal policies in 1990s, the public sector gave way to private sector leaving the cooperatives tottering and it craved for funds, legal and logistic support from the government which was scarce.

The NCUI believes that there are more than five lakh cooperatives in the country with 100 per cent coverage in the villages, and 75 per cent reach in rural households thereby controlling a formidable sector of Indian economy.

UNI

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