‘To strengthen Cooperatives, govt providing subsidy, special assistance’

Minster for Cooperatives Chering Dorjay today said state government is providing financial support to various Societies for subsidizing their management cost, besides generating various employment opportunities for the unemployed youth of the State.

Minster for Cooperatives Chering Dorjay today said state government is providing financial support to various Societies for subsidizing their management cost, besides generating various employment opportunities for the unemployed youth of the State.

Winding up the discussion on Demand of Grants for Cooperatives Department, the minister informed the House that 1,682 Cooperative Societies are registered under the JK Cooperative Societies Act, 1989 and 2,107 Cooperatives are registered under the JK Self Reliant Cooperatives Act, 1999 in the State.

The Government is contemplating to constitute a committee to prepare a model Act which can govern both types of Cooperative institutions, the minster said.

He further informed that the State has three-tier structure of Cooperative Societies viz. primary tier, consisting of primary level societies at village/block level having individuals as members, secondary tier, consisting of marketing societies at block/tehsil level having primary level societies as their members and Apex level Societies at State/divisional level having marketing societies and primary level societies as their members.

Reiterating the commitment of the government to strengthen Cooperative movement, the Minster informed that Rs 43.70 lakh and Rs 79.75 lakh were provided to Cooperative Societies as managerial subsidy and special assistance during 2016-17 respectively. In Capex Budget, an amount of Rs 60 lakh has been proposed as assistance managerial subsidy while as Rs 1.2 crore has been proposed as special assistance under the scheme, he added.

For augmenting business activities of Cooperative Super Bazaars, the Minster said the government has opened sale outlets at various prime locations in the State, besides obtaining direct control over four medical fair price shops, the Minister informed.

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