Gujarat government's 'Cooperation among Cooperatives' initiative to be rolled out in all 33 districts
Cooperation among Cooperatives" initiative in two districts on a pilot basis, the Gujarat government has decided to implement it across all 33 districts of the state, officials said on Wednesday.
The initiative aims to enhance the cooperation among Gujarat's thousands of cooperative societies by centralising their bank accounts and deposits in various district and state cooperative banks.
The initiative was envisioned by Union Cooperation Minister Amit Shah and launched on a pilot basis in Banaskantha and Panchmahal districts of Gujarat, the state government said in a statement.
Gujarat Cooperation Minister Jagdish Vishwakarma said the success of the pilot project has led the government to decide on implementing the initiative across all 33 districts of Gujarat. As part of the pilot project in these two districts, over 4 lakh new accounts were opened by cooperative societies and their active members in the district cooperative banks, resulting in a jump of over Rs 966 crore in the bank deposits, it said.
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To further strengthen this, more than 1,700 micro ATMs were installed at cooperative societies in these two districts, it said.
«The district cooperative banks will be able to extend their services on the village level and ensure that the capital and funds of Gujarat cooperatives' stay within the community and come to the aid of other cooperative societies,» Vishwakarma said.
«The initiative consolidates the
