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Celebrations of 65th Cooperative Week held
11/17/2018 10:38:31 PM
Early Times Report

JAMMU, Nov 17: As part of the ongoing celebrations of 65th Cooperative Week, a function was organized in the premises of Jammu Central Cooperative Bank (JCCB) at Sehkari Bhawan Rail Head Complex, here today. The celebrations commenced with the unfurling of cooperative flag by the Chief Guest Dr. Farooq Ahmed Lone, IAS, Secretary to Govt., Cooperative Department. Speaking on the occasion, the Secretary said that the main purpose of celebrating the cooperative week is to highlight achievements of the Cooperative Sector in various areas, reflect upon the shortcomings and chalk out future strategies of growth, based on dynamics of cooperative development in various sectors. He said that the weeklong celebrations provide an opportunity to disseminate the message of cooperative movement among the people at large by sensitizing them on the various aspects of cooperative movement. Lone said that the cooperative structure ensures that cooperatives are not enterprises run just to short term profits but a business model for long term sustainability and inclusive growth. He said that the cooperatives philosophy is an excellent example of value based business model. He stated that weak finances, growing NPAs and poor resource base are some of the factors which have contributed to the declining of the performance of cooperatives. Dwelling on the theme of this year's cooperative week which is "Building Public Private Cooperative Partnership" he said that the cooperative model is participatory and community oriented and due to its grass roots approach the impact of its development is equitable and sustainable.
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