Govt plans to bring 61,000 people under 244 cooperatives

http://newagebd.com/newspaper1/business/39351.html

Govt plans to bring 61,000 people under 244 cooperatives
United News of Bangladesh . Dhaka

The government has a plan to bring some 61,000 people under 244 rural cooperative societies to increase productivity in agriculture, fisheries, livestock and other income generating sectors, thus creating employment opportunities.

The Rural Development and Cooperatives Division under the LGRD ministry sent a development project proposal to the Planning Commission in this regard. The title of the project is enhancing agricultural production and creating rural employment through rural based cooperatives societies.

Department of Cooperatives will implement the proposed project at an estimated cost of Tk 132 crore to be entirely borne from the government exchequer. The tenure of the project is from July 2011 to June 2016, said an official at the planning ministry.

The official said if the project got the nod from the Executive Committee of the National Economic Council, it would help to form rural financial institutions which would supply capital, impart productivity enhancing training through cooperative societies, and help reach the government services at the doorsteps of common people.

An LGRD ministry official said efforts were underway to create cooperative institutions through ‘Comprehensive Village Development Programme’. Such institutions are helping to form capital through the use of local resources in small scale. But, lack of communication and high interest rates put hindrance for the rural people in getting the access to the commercial banks and other financial institutions.

The proposed project will be implemented across the country in 244 villages, four each from 61 upazilas of 61 districts except the three CHT districts Rangamati, Khagrachari and Bandarban.

The other objectives of the project is to reduce vulnerability of rural people through creating employment opportunities, introducing high-yielding crops as well as to ensure fair price of agricultural produces at growers level, reducing migration from rural areas to urban areas and thus help build a digital Bangladesh.

The major activities of the project also include imparting various training in income-generation activities in agriculture, fisheries and livestock, and distributing credit among members of 244 cooperative societies to invest in productive sectors. Each of the cooperative society members will be given credit of Tk 2,000 to Tk 20,000, informed the planning ministry official.

He said that each of the cooperative societies will consist of around 250 members where women will get privilege. The Pre-ECNEC meeting on the project was held on February 24 that recommended the project for approval at a cost of Tk 132 crore.

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