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news details
Cooperative movement continues to be in 'infancy' in JK, fails to achieve desired results
11/24/2017 11:07:04 PM
Jehangir Rashid

Early Times Report

SRINAGAR, Nov 24: The cooperative movement has yet to pick up pace in the state especially Kashmir valley and the same got proved today during a review meeting of the department held in the summer capital of the state.
The meeting was informed that the cooperative department has registered a turnover of Rs 48.48 crore through its various business units in Kashmir division during the current fiscal so far, while as it has recovered an amount of Rs 3.31 crore from various stakeholders during the period.
Given the fact that only three crores have been recovered from private stakeholders in Kashmir valley in the cooperative department during the current financial year so far it proves that lot needs to be done in the cooperative sector in the valley. The cooperative movement has yet to reach the nook and corner of the state more so Kashmir.
"The cooperative movement can be a game changer in the state when it comes to providing employment to lakhs of youth. Youth can set up cooperatives in the various fields and provide jobs to the companions. For this to happen both the people and the government have to play a proactive role," said Mushtaq Ahmad, a resident of Nowgam.
Over the years it has been observed that in the Kashmir valley cooperative movement has picked up some pace in milk and poultry sectors. The other sectors of economy have so far remained untapped and as such the potential of cooperatives in the different sectors of economy is yet to reach the fullest possible level.
"It is important that people living in the state more so in the countryside form cooperative unions and play their role in the economic prosperity of the state.
This would ensure that very few people run after the government jobs especially in the villages of Jammu & Kashmir. As such the state government would be absolved of a huge tension since it is not in a position to provide employment to all the educated, but unemployed youth," said Mohammad Irfan, a resident of Kupwara.
It would be in place to mention here that Minister for Cooperatives Tsering Dorje had candidly acknowledged that the cooperative movement has been a 'failure' in Jammu & Kashmir. The minister while speaking during the discussion on grants during the budget session in Srinagar last year had said that cooperative movement has not been a hit among the people and it would take lot of time before the movement picks up the pace.
The meeting was informed that Cooperative Super Bazar has registered turnover of Rs 9.71 crores through their sale outlets in Kashmir Division. It was informed that the Department has generated turnover of Rs 19.15 crore through its various Cooperative Societies while as the Primary Cooperative Societies run by the Department has earned an amount of Rs 19.62 crores in Kashmir Division so far.
While reviewing the recovery of the loans advanced to Poultry Cooperative Societies (PCS) it was stated in the meeting that under National Cooperative Development Corporation (NCDC) recovery of an amount of Rs 1.35 crore was made while under Integrated Cooperative Development Project (ICDP) an amount of Rs 1.96 crore was recovered by the departmental agencies till date.
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