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National Cooperative Union of India (NCUI), an apex organization of the Cooperative Movement with focus on cooperative education and training has welcomed the government’s commitment to the development of multi-state cooperatives by providing all support to them in this year’s Budget.
NCUI Chief Executive, Satya Narayana said, “The proposal to set up a separate administrative structure for multi-state cooperative societies will definitely strengthen these cooperatives to compete in the market economy. Such structural reforms are necessary so that these cooperatives become success stories.
NCUI feels that enhancement of agricultural credit target to 16.5 lakh crore FY 22 is indeed heartening as this will provide cooperative credit institutions to cover a large section of the rural population, and most importantly, the dairy and fishery cooperatives will be benefitted by this.
Updated Feb 01, 2021 | 20:51 IST
Netafim India MD Randhir Chauhan welcomed the government s decision to double the allocation to the Micro Irrigation Fund (MIF) under NABARD to Rs 10,000 cr. Budget 2021: Agri cos cheer higher allocation to farm sector | Photo Credit: ANI
New Delhi: Agri and food companies on Monday hailed the decision to hike farm credit target and increase allocation for the agriculture ministry in the Budget, saying this will help in boosting farmers income and overall growth of the sector. Asserting that the government is committed towards farmers welfare, Finance Minister Nirmala Sitharaman on Monday proposed 10 per cent hike in the farm loan disbursal target to Rs 16.5 lakh crore, and introduced an agri infra and development cess of up to 100 per cent to create post-harvest infrastructure for improving farmers income.
On the occasion of Republic Day, news has poured in from across the country about cooperative leaders celebrating the 72nd Republic Day with great enthusiasm.
From national level Cooperatives to state level to district level to village level, co-ops have hoisted the national flag at their respective premises and celebrated the day with full gusto.
In his message on the occasion, National Cooperative Union of India President Dileepbhai Sanghani said, ““On this day I urge fellow co-operators to take an oath to take cooperative movement to newer heights. Happy Republic Day!”
IFFCO Managing Director Dr U S Awasthi wished the country through social media and wrote, “Heartiest Greetings & Best Wishes of Republic Day to everyone. Let’s pledge to increase agriculture output in terms of quality & quantity for our food security. Let’s also work together to strengthen the cooperatives of the country for good economic growth”.