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Cooperative societies provide maximum loans to farmers

Special Correspondent

New buildings to be built for offices of Cooperative Department: Collector

Lending success: Collector A. Suganthi giving away a certificate to a blood donor at the cooperative week celebrations in Pudukottai on Wednesday.

PUDUKOTTAI: New buildings will be built for the offices of Cooperative department in Pudukottai district and Deputy Chief Minister M. K. Stalin will lay the foundation stone on December16 at inauguration of the samathuvapuram at Pudupatti in Gandarvakottai panchayat union in the district, said Collector A. Suganthi here on Wednesday.

Presiding over the 56th All India Cooperative Week celebrations, the Collector said that cooperative societies were functioning well and made success in several departments including Cooperation, Agriculture, Consumer, Handlooms and Textiles. She explained the growth of the cooperative movement from its inception in the country and also in Tamil Nadu.

Ms. Suganthi pointed out that cooperative societies were providing maximum loans to the farmers, women self help groups and other sections of the society at low rate of interest.

She distributed revolving fund of Rs.24 lakh to 14 women self help groups at the function.

She also presented shields to 13 best cooperative societies and gave away awards to 24 students who won the speech, essay and poetry competitions conducted in connection with the cooperative week celebrations.

Tirumayam MLA Rama. Subburam, Pudukottai municipal chairperson Ramathilagam Udayappan, district advisory committee member of non-conventional energy sources, Periannan Arasu, Pudukottai Regional Joint Registrar of Co-operative Societies T. Ramanidevi, District Industries Centre general manager S. M. Rasumani, Pudukottai District Central Cooperative Bank general manager A. Tamilarasan spoke.


Co-operative societies play a vital role in the society, particularly to the farming community, said D. Napoleon, Union Minister of State for Social Justice and Empowerment here on Tuesday.

Addressing the 56th All India Co-operative Week celebrations, he said that Tamil Nadu Government had waived nearly Rs.7,000 crore loan borrowed by 23 lakh farmers from the co-operative societies and pointed out that about 67,500 farmers in Perambalur district benefited to the tune of Rs.127 crore.

Mr. Napoleon said that primary agricultural co-operative societies in Perambalur district had disbursed Rs.41 crore as short term crop loan so far during the current year against the target of Rs.60 crore and pointed out that about Rs. 3 crore had so far been advanced as medium term loan during the current year.

As many as 106 women self help groups were provided Rs.1.12 crore as loan by the societies.

The Minister pointed out that an interest-free share capital amount of Rs.1.19 lakh was given to 423 women with a view to encourage more women to become members in co-operative societies.

He said that agriculture research and soil testing centres were established at Kurumbalur, Puduvetakudi and Irur villages in Perambalur district at a cost of Rs. 6 lakh each under the National Agriculture Development Project.

Special efforts

Mr. Napoleon said that the State Government took special efforts to rejuvenate 1036 sick co-operative societies by providing Rs.20 lakh to each society at a meagre interest of five per cent per annum and allocated Rs.207 crore for this purpose.

The Co-operative department has planted tree saplings at 251 places in the district to protect environment.

The Minister presented shields to best co-operative institutions in the district and distributed loans to the tune of Rs.10.50 lakh to 136 women SHGs at the function.

Collector M. Vijayakumar presided over the function and explained in detail the loans advanced by the co-operative societies to the farming community and also the objectives of the co-operative movement.

Perambalur MLA M. Rajkumar, district panchayat chairperson Kodiyarasi, municipal chairman M. N. Raja spoke.

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