National Cooperative Union of India (NCUI) has lot many works cut out for it in the country. How can a primary cooperative society be viable so that its dependence on govt loan and subsequent waive off is lessened—is a big challenge.
Andhra Govt has waived loan to the tune of Rs 109 crore benefiting 450 primary handloom cooperative societies of the State.
Govt led by new Chief Minister Kiran Kumar Reddy had decided last December to waive the loan but its financial hardship led to delay. Now, last Sunday the fund has been released benefiting 1.5 lakh families.
Weavers in Andhra are not able to sustain themselves and they depend upon government to waive off their loan. This scenario does nt speak well about our cooperative movement.
Cooperatives will have to organize themselves better in order to be viable. Role of NCUI matters here a lot as it is entrusted with the job of training people to organize themselves better.