‘Cooperative movement in State slowly accelerating’

‘Cooperative movement in State slowly accelerating’


RONO HILLS, Jun 7: A one-day national-level workshop on cooperative society as one of the best means for socio-economic and business entrepreneurship development of women and educated unemployed youth was held at Rajiv Gandhi University today under the aegis of Rajiv Gandhi University Research Scholars’ Forum and sponsored by the Arunachal Pradesh State Cooperative Union.

In his speech, Tsering Thongdok, Managing Director-cum-CEO of Apex Bank said that the cooperative movement in the state is slowly accelerating with introduction of various pro-poor and youth-oriented schemes like Deen Dayal Upadhyay Bunker Yojna, a promotional scheme for weavers for development of handloom and textile, CM’s Paryatan Vikas Yojana, a scheme assisting tourism development on adventure tourism and homestay trade.

Even though the State has about more than 800 primary cooperative societies registered under the Arunachal Pradesh Cooperative Societies Act and 5 state level Cooperative Societies, the products from all these societies are yet to reach its highest standards, he said.

Thongdok informed that 200 Mobile Micro-ATMs will be introduced in the un-covered villages for rendering banking services at the doorsteps of the people with over 37 ATM booths getting installed with Cash Re-cycler Machines within the current financial year in all its 37 Branches.

Relaying about the bank’s developmental roles, he also said that the bank has procured a Mobile ATM Van with the support of NABARD with a view to providing banking services at the doorsteps of the people. The facility will also be used for creating awareness and educating people for use of ATM card based transactions, he added.

More than 80 participants including students, scholars and faculties attended the workshop.

Leave a Reply

Your email address will not be published. Required fields are marked *