Union Minister for Road Transport and Highways Nitin Gadkari has said that cooperation plays a major role in the country’s economy, and cooperative banks have an important role in strengthening the rural economy, reports All India Radio.
He was speaking at a programme organised by the Lokmanya Multipurpose Co-operative Credit Society in Pune. The bank’s chairman Kiran Thakur was prominently present on the occasion.
Gadkari stated that the backbone of India’s economy lies in rural areas, adding that to strengthen the rural economy, efforts are being made to start at least two to three industries in every village.
He further stressed that the prosperity of cooperative banks is extremely essential. In the coming times, it is necessary to make the cooperative sector free from corruption. Gadkari also appealed for collective efforts to accelerate the cooperative movement.
