- During the Manthan Baithak held on Tuesday in Ahmedabad, Union Home and Cooperation Minister Amit Shah emphasized the vital role that cooperative banks should play in rolling out Central Government schemes.
- He announced that the Government of India has decided to designate cooperative banks as nodal agencies for various central initiatives, which will enhance their involvement in the financial delivery system.
- Shah encouraged State Governments to ensure that funds for major welfare programs, like the Pradhan Mantri Kisan Samman Nidhi and old-age pension schemes, are funneled through cooperative banks.
- He pointed out that this approach would boost transparency, efficiency, and outreach at the grassroots level.
- Highlighting the principle of Cooperation Amongst Cooperatives, he urged all cooperative institutions to keep their bank accounts with District Cooperative Banks to further strengthen the cooperative ecosystem.
During the Manthan Baithak held on Tuesday in Ahmedabad, Union Home and Cooperation Minister Amit Shah emphasized the vital role that cooperative banks should play in rolling out Central Government schemes.
He announced that the Government of India has decided to designate cooperative banks as nodal agencies for various central initiatives, which will enhance their involvement in the financial delivery system.
Shah encouraged State Governments to ensure that funds for major welfare programs, like the Pradhan Mantri Kisan Samman Nidhi and old-age pension schemes, are funneled through cooperative banks. He pointed out that this approach would boost transparency, efficiency, and outreach at the grassroots level.
Highlighting the principle of Cooperation Amongst Cooperatives, he urged all cooperative institutions to keep their bank accounts with District Cooperative Banks to further strengthen the cooperative ecosystem.
The meeting included in-depth presentations focused on increasing pulses and maize production, tackling the challenges faced by cooperative banks, enhancing Shared Service Entities and umbrella structures, expanding membership initiatives, and developing a robust media and communication strategy to promote the cooperative movement across the country.