AP to revive coop institutions

Hyderabad, July 18 (UNI) Andhra Pradesh Chief minister Y S Rajasekhara Reddy today said his government was planning to enter into an MOU with the Centre to revive short term cooperative institutions in five to six months.

According to an official release here, Dr Reddy said the draft MOU had already been prepared and was being examined by the Centre and NABARD.

The MOU would be prepared as per the recommendations of Vaidyanathan Committee.

The government was committed to strengthen the cooperatives as they were directly related to the economic progress of poor farmers and artisans.

The Chief Minister said the government was proposing to disburse Rs 3,300 crore as short term crop loans during the current year as against Rs 2,975 crore provided as loans to farmers.

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