K'taka Govt. committed to implement Vaidyanathan Committee Report

Karkala, Karnataka, Jul 14 (UNI) The Karnataka Government was committed to implement Vaidyanathan Committee recommendations to bring amendments to the state Cooperative Act, Minister for Cooperative Laxman Savadi said today.

The amendments would be placed before the Assembly Session during the Winter Meeting, he added.

Addressing the press conference here, Mr Savadi said that the recommendation approved by the Union government had been singed by the Governor on March 24 giving his consent. The government had already initiated process for implementing the report. As the leaders from the cooperative sector were pressing for some changes in the report, the ministry had already held two rounds of talks with the leaders and experts from the cooperative sector. The ministry would also hold discussions at both district and taluk levels before taking up decision on bringing suitable modifications in the report.

He said that he had also instructed the officials from his department to identify the villages lacking the facility of Cooperative society units. After receiving the report from the officials, the ministry would take up steps to set up Cooperative societies in these rural areas with the involvement of the farmers.

Mr Savadi said that the ministry was contemplated to convene a seven-day state level cooperative convention before November this year to discuss about giving new dimension to the cooperative movement in the state.

He said that it was also proposed to construct 'Sahakari Bhavan' in Bangalore at the total cost of Rs 20 crore.

Earlier, the Minister speaking after inaugurating Vikasa Multi-purpose Souhardha Cooperative Limited, said that after implementation Souhardha Act, the government was contemplated to reduce the government intervention in the cooperative sector by bringing suitable modifications to the act.

Mr M N Rajendrakumar, President of Karnataka Apex Bank who also spoke urged that the government should make it efforts in releasing the balance amount of Rs 300 crore due from NABARD to the cooperative banks under refinance scheme. This year the NABARD reduced its refinancing from 45 per cent to 35 per cent from the current year, he added.

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