Plan to set up coop bank, milk producers’ union in every district of country: Amit Shah

The Center has set a goal, according to Union Cooperation Minister Amit Shah, to have a cooperative bank and a milk producers’ union in every district of the nation. Additionally, the next five years will see the establishment of multipurpose primary agriculture credit societies (PACS) in two lakh panchayats that do not currently have a cooperative institution.

Speaking at the 102nd International Day of Cooperatives, Shah praised the Gujarat government for announcing a 50% subsidy on Nano-urea and Nano-DAP, arguing that their use will boost production and preserve the soil. The program was called “Sahkar se Samriddhi” (Prosperity through Cooperation).

He said the cooperative sector is making very important contribution in the rural and agricultural economy and urged for the promotion of ‘cooperation among cooperative’ institutions. “The Union Ministry of Cooperation has taken many important steps. The government has set a target that there should not be any state or district in the country where there is not a viable district cooperative bank and a viable district milk producers’ union.

Meantime, he said “Even today there are two lakh panchayats in the country where there is no cooperative institution. In the next five years, we will work to create multipurpose PACS in these two lakh panchayats”. The Centre will soon bring a National Cooperative Policy, he said, adding that 1100 new Farmer Producer Organisations (FPOs) have been formed in the country, and more than 1 lakh PACS have accepted the new bylaws.

With the issuing of bonds totaling Rs. 2000 crore, the National Cooperative Development Corporation (NCDC) will be able to work for the welfare of more cooperative institutions, according to Shah. In order to strengthen the cooperative sector and boost capital and confidence, he urged the National Bank for Agriculture and Rural Development (NABARD) and state cooperative banks to arrange for PACS and other cooperative institutions to open their accounts in the district or state cooperative banks.

The Union government has established National Cooperative Organic Limited (NCOL) to promote organic products and ensure fair price to farmers practising organic farming, Shah said.

“Today Bharat Organic Atta has also been launched by NCOL. Amul has also launched a shop of Organic products in Delhi. Both Bharat Organic and Amul are reliable and 100 percent organic brands. Bharat brand stamp is put on organic products only after testing them using the world’s most modern technology,” Shah said.

National Agricultural Cooperative Marketing Federation of India (NAFED) The Central government has also formed three multi-state cooperative institutions – Organic Committee, Export Committee and Seed Committee – to enrich the lives of farmers, Shah said. “The only objective behind the mantra of ‘Sahakar se Samriddhi’ given by Prime Minister Narendra Modi is to bring confidence, happiness and prosperity in the lives of 30 crore people who are backward even after 75 years of Independence,” he asserted.

Shah praised Amul for its innovative leadership in promoting organic farming and creating organic products that meet the needs of consumers for health and wellness while E-inaugurating the first exclusive Amul organic shoppe at Mayur Vihar in Delhi, Shah lauded Amul for its visionary leadership in promoting organic farming and producing organic products that cater to the health and wellness needs of consumers.

Shah gave Rupay credit cards at zero percent interest to women dairy producers in Changda village, Banaskantha, and then went to a cooperative pilot project in Mahuliya village, Panchmahal district. Additionally, he was supposed to meet with the heads of the state’s district cooperative banks and the Panchamrut Dairy in Godhra.

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