Centre must shed dual standards: Cooperation minister

Chandigarh, Jan 2 (UNI) Punjab cooperation minister Capt Kanwaljit Singh today said that for strengthening cooperative movement in the country it is imperative for the Central government to not only take positive, constructive and corrective steps but also ''shed its dual approach towards the movement''.

"Dual standards are being adopted for Cooperative Movement by the Centre. On the one hand Private sector is being encouraged by giving numerous relaxations and facilities to it, whereas on the other hand no step has been taken to strengthen Cooperative Movement in the country," he said.

Capt Kanwaljit was addressing a symposium on 'Vision of Cooperatives in 2050' organised by Regional Institute of Cooperative Management here today as a part of its Golden Jubilee celebrations.

He asked the Centre to explain its stance of increasing the interest rate being charged by NABARD to 9 percent per annum from 7 per cent on one hand and on the other hand expressing concern over pathetic condition of farmers and holding meetings to discuss steps to bail them out of the financial mess.

He, however, maintained that private sector did not pose any daunting challenge to the cooperative movement.

"Foundation and base of cooperative institutes and federations is strong enough to meet any challenge posed by private sector.'' he said.

"Initiative filled with innovative approach could lead to better future of Cooperative and the Punjab government has adopted this approach for giving a new lease of life to Cooperatives in the state," he addes.

He said that Punjab Cooperative Deptt had decided to begin exports of products manufactured by its various societies which would give benefit to the producers.

UNI PS MMS1939