The Minister welcomes the contribution of the cooperative movement


The cooperative department which has grown into a popular movement has made a huge contribution to the development of independent India, said Minister of Industries Thangam Thennarasu.

Addressing a function organized to distribute loan aid by the Virudhunagar District Central Cooperative Bank here on Monday, Mr. Thennarasu said Tamil Nadu has a good organization of primary agricultural cooperative banks in rural areas with a strong central cooperative society and a state cooperative. banking set up at the top.

“The Central Cooperative Bank has remained a for-profit bank,” he said. Thanks to this strong organization, people from various backgrounds, such as self-help groups for women, people with disabilities, small traders, women entrepreneurs, working women, can get medium-term loans, Mudra loans, non-farm loans, etc. housing loans, equity loans and MSME loans.

Chief Minister MK Stalin, who succeeded in containing the COVID infection in the state, was now focused on recovering the livelihoods of the population by forgoing loans to self-help groups.

“Loan assistance was given to MSMEs through cooperative banks to increase cash flow among ordinary people,” he added.

Efforts have been made to provide loans to the tune of 5.68 crore yen to 2,246 beneficiaries under various programs, he added.

Among those in attendance were Virudhunagar Deputy ARR Srinivasan, Collector J. Meghanath Reddy, Joint Registrar / Managing Director Rajalakshmi, Chairman of Virudhunagar SK Mayilsami District Central Cooperative Bank and Regional Joint Registrar B. Senthil Kumar. .

Virginia S. Braud