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Mumbai , Dec. 28 -
THE Union Government will shortly unveil a Rs 8,500-crore financial
package to revive the co-operative sector.
The details of the
package are being worked out, according to Mr Rajnath Singh, Union
Minister for Agriculture. He was speaking at a two-day national
convention of co-operatives organised by Sahakar
Bharati.
According to Mr Singh, the Government has already
enacted the Multi-State Co-operative Act, 2002 to give sufficient
autonomy to multi-State co-operative institutions.
All efforts
would be made to reduce interest rates for the farmers to bring them
on par with the manufacturing and other sectors. He stressed the
need for economic discipline in the era of increasing
competition.
While the reduction of interest rates has largely benefited the urban areas, the farmer in the rural area continues to pay high interest rates, Mr Singh said. "The Finance Ministry is already considering a proposal to bring down the interest rates for farmers to nine per cent."
LEGISLATIONS CANNOT SOLVE SOCIAL SECURITY EXPENDITURE
Mumbai – Enchanting legislations would be not be a solution for
providing social security, said RSS Sarasanghchalak K Sudarshan
here, reports UNI.
He further said that the concept of “Parivar”
prevalent in the India context is the only solution in reducing the
expenditure incurred on social security.
Sudarshan said this here
with reference to the reports of privatizing the social
security
Schemes in the developed countries in light of the
increasing costs.
He was delivering the valedictory address at
the two – day national convention of Sahakar Bharati, which
concluded here on Sunday evening. The convention, attended by close
to 8,000 delegates from all over the country, was inaugurated on
Saturday by the Union Minister for Agriculture Rajnath Singh which
Union Minister for Petroleum Ram Naik was the guest of honour. US
spends close to 28 percent of its gross domestic product (GD) on
social security schemes while UK, France, and Germany Spend 29
percent, 45 percent and 55 percent respectively.
Surarshan emphasized that the Indian concept of ‘Vishwa-Parivar’
is far more relevant for global welfare but westernized model of
development enforced on India has resulted in large scale
unemployment among the problems. Suggesting co-operatives as a
solution to the demerits of capitalism and socialism, he said that
economic upliftment is possible through co-operatives, since the
principle of trust is very much prevalent within the different
castes and communities in India. Citing examples of better
institutional work, developed by different castes, resulting in
development of all communities, Sudarshan said that Sahakar Bharati
would do well to propagate the concept of co-operative
culture.
He lauded the efforts of the downtrodden community from
Shivkasi in Tamil Nadu for the courage and willingness to donate
money to a politician for the purpose of maintaining communal
harmony. The politician would have otherwise created a rift with the
other communities by his speeches during the election campaign.
Which was avoided. Sudarshan said. Sudarshan wished all success to
the new incurmbent, Dr. Avinash Acharya as the All India President
of Sahakar Bharati
He was elected unanimously at the national convention, succeeding
Vasant Deopujari, while Kankodi Padmanabh was unanimously elected as
the general secretary in place of Satish Marathe.
Earlier, at the
inaugural function on Saturday. Rajnath Singh said that the Union
Government is in the process of shortly unvelling a financial pakage
of Rs. 8,500/- crore to revive the co-operative sector. The broad
details of this pakage are being worked out, he added.
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