MADIKERI: Former Minister M.C. Nanaiah said here on Tuesday that the processes of globalisation and liberalisation would have no adverse effect on the cooperative sector, which has stood by the people in the country.

He was speaking after inaugurating a training programme for the presidents, directors and secretaries of the credit cooperative societies, covering the Mysore division. The cooperative sector had strong roots in the country, Kodagu in particular. India may have emerged as a top nation in the world owing to globalisation and liberalisation processes. That was not due to the efforts of the Government, but due to the tremendous use of manpower the country had, Mr. Nanaiah said. The country had developed politically but not economically. Credit must go to the cooperative sector for raising the economic standards of over 60 per cent of the poor farmers in this country, Mr. Nanaiah added.

Self-sufficiency

There was a talk that India had become self-sufficient in terms of food production after the ushering in of the green revolution. But, it was not so. Still scores of people did not have access to two meals a day and lived below poverty line. The Government must give it a serious thought, Mr. Nanaiah said.

Mr. Nanaiah, who welcomed the recommendations of the Vaidyanathan Commission said it would help many sick cooperative units turn around and revive sagging fortunes of many. The commission had recommended providing a sum of Rs. 14,000 crore for reviving the sick cooperative units in the country.

Joint Director of the Cooperative Societies, Mysore Division, Himavant Gopal and Nandish V. Hiremath from the National Institute of Rural Banks, were amongst those present.

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