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Back You are here: Home Current News Modi calls for overhaul of cooperative sector

Modi calls for overhaul of cooperative sector

Gujarat Global News Network, Ahmedabad

There is need for overhaul of the cooperative sector to help it compete with global forces.

For this, Gujarat Chief Minister Narendra Modi suggested that there should be a task force to develop next gen cooperative banks. He was speaking at a function to inaugurate new building of the Gujarat State Cooperative Bank Limited.

Modi said that banking sector is undergoing transformation and cooperative banks must keep pace with this technology driven metamorphosis of this sector.

For this, he said that there should be a task force comprising of economists and others to guide this change in the cooperative banks.

Referring to frequent problems in elections in cooperative banks which are stumbling the smooth and progressive functioning of the banks, he said that there should be an independent body for conducting elections in cooperative banks. It should be on the pattern of election commission, he said.

Cooperative banks should attach themselves with some social cause, he said. He suggested that they should have Corporate Social Responsibility concept and should take up sanitation as their projects. This will be a great tribute to Mahatma Gandhi who always focused on sanitation as his 150th birth anniversary is approaching.
For news in Hindi see our Hindi daily Chaupal Chronicle”