Source: News Bharati English16 Jul 2017 13:00:02

New Delhi, July 16: Union Agriculture Minister Radha Mohan Singh said that the Indian cooperative movement has sustained itself as one of the biggest cooperative movements in the world. The reach of cooperative in India is from village to national level.

While speaking at the inauguration of Cooperative Conference, Singh said that there are more than 7 lakh cooperatives in the country, which extends from village level committees to national level co-operative organisations. The cooperatives membership is over 40 crores and it includes about 97% villages and 71% rural households.

The Minister further said, 16.9 per cent of agricultural cooperation, 29 percent of fertiliser production, 40 percent of sugar production, and 54 percent of weavers’ cooperatives etc. are being contributed to the Indian economy.

Singh said that Indian cooperatives have firmly established themselves in many sectors of the economy like dairy, banking, sugar, fertilisers, marketing, handloom, fisheries and construction.  The cooperative societies facilitated the way of farmers by providing them with the inputs like loan, fertilisers and seeds.

Today, the dairy cooperatives have carved an exclusive identity in the country and abroad. If there has been the growth of sugar mills, credit committees along with dairy in Gujarat and Maharashtra, the southern states witnessed the growth of fisheries and forests based cooperatives, he added.

Agriculture Minister added that the National Cooperative Development Corporations provides assistance to the cooperatives for their overall development, which includes grants and loans from the Government.

On the other hand, the NDA Government increased this by 89.98% and released Rs.28117.31 crore during the three years (2014-17). The Minister called for the representatives of all cooperatives to seek assistance from different development programmes related to NCDC for the economic improvement of the cooperatives thus removing the regional imbalance.