“The Last Chance for
“Due to miss management and
careless administration, Co-operative movement in the Country is in crisis and
the financial assistance of Rs. 15,000 Crores allotted to the co-operative
sector is the last chance for it to survive. Most of the co-operative credit
societies in the country are in financial crisis. They are financially in
crisis because they neglected basic principles of co-operation. At present,
we are facing the competitive economy and the co-operative sector should
imbibe the spirit of reform to regenerate itself,” said Dr. Y. S. P. Thorat,
Chairman of NABARD while delivering
Padmashri Dr. G. G. Jadhav Memorial Lecture of
Dr. M. M. Salunkhe, Hon. Vice Chancellor of the University was in chair.
Thorat said that the Vaidyanathan Committee had suggested the starting of Land
Development Banks to overcome the problem of rural indebtedness. It is
suggested that the amount of Rs. 4500 should be made available for this.
Already Government had given package to co-operative sector. But this
financial help would not save co-operatives, if they did not change their
style of functioning, management and administration. There was a need of
internal self criticism. He urged that the land Development Banks should be
established at the earliest. Dr. M. M. Salunkhe delivered the presidential
address. Mr. Pratapsingh Jadhav, Editor of the Pudhari and Mr. Pravin Darade,
Collector of Kolhapur were present on the occasion. Dr. A. A. Dange, Director
- BCUD introduced and welcomed the guest and Dr. N. V. Thakkar, Controller of
Examinations of the University proposed hearty vote of thanks.