Coop banks will advance Rs 10,607 cr credit: Minister

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Tiruchirapalli, Nov 21 (UNI) Tamil Nadu Cooperation Minister Ko Si Mani said the cooperative banks in the state would advance a credit of Rs 10,607 crore during the current financial year.

Winding up the week-long celeberations of the 54th Cooperative Week celebrations here last night, Mr Mani said the cooperative banks had advanced Rs 9,100 crore during 2006-07.

He said the government has allotted Rs 11.50 crore for purchasing electronic weighing machines for 23,600 cooperative public distribution shops in the State, besides sanctioning Rs 100 crore to compensate the losses suffered by the cooperative bodies to run the PDS shops.

He said Chief Minister M Karunanidhi has taken up with the Centre, the demand for increasing the Minimum Support Price for paddy to Rs 1000 a quintal.

Transport Minister K N Nehru, speaking on the occasion, appealed to the secretaries of the cooperative societies to work with dedication for strengthening the movement.

Forest Minister N Selvaraj, in his address said Cooperative movement was essential for economic growth of the state.

Registrar of Cooperative Societies Jatindra Nath Swain said all public distribution shops run by cooperative societies would be networked for efficient functioning.

He said District Central Cooperative Banks and Urban Cooperative Banks would be computerised by next year, and a farmer's information system would be launched soon to help them market their produce in a better way.


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