Karnataka State Souharda Federal Cooperative’s 18th Annual General body meeting which was held last week (18th September) at Sri Basava Sujnan Mantap Bengaluru demanded much-needed amendments in Souharda Act as well as income tax relief for the cooperatives
Attended by 1145 members, the meeting unanimously resolved to request the central government and I T authorities to give exemptions to cooperatives and support the growth of the cooperative movement in the country.
The meeting underlined the fact that cooperatives are playing a vital role in the economic and social development of the country. The progress and the development of the cooperative movement should be appreciated and given proper recognition in the economic activities of the country, the meeting observed.
B.H.Krishna Reddy chairman of the KSSFCL chaired the meeting and told that they have met union Minister for finance Smt. Nirmala Sitaraman and briefed her about the problems facing cooperatives. The Finance Minister has assured that she will call a meeting of cooperatives and solve their problems, Reddy informed the AGM.
Reddy also informed the AGM that they have met the I.T. Authorities and CBDT officials and requested them to look into the problems of cooperatives.
About certain amendments to the Souharda Act of Karnataka, Krishna Reddy told the meeting that the matter has been brought to the knowledge of Chief Minister Sri B.S. Yadiyurappa, principal secretary and the Registrar of the cooperative department and they have been urged to re- enforce the original concept of the souharda movement and the Act.
Smt. Shashikala Jolle, Minister for Women and Child welfare who happens to be the chairmen of a Jyoti Multipurpose Souharda cooperative, Examba of Belgaum district and M.C. Venugopal MLC, who happens to be the Chairmen of the Yashaswini Souharda Credit Cooperative were present on the occasion.
The meeting was also attended by Basangouda Patil and Aragam Jnanendra MLAs and many dignitaries of the Cooperative movement of Karnataka. Jagadeesh Kavatagimath Vice president of KSSFCL welcomed the guests and Sharangouda Patil Managing Director of the KSSFCL presented the Agenda. G.N.Patil, Director of the KSSFCL moved a vote of thanks.