SRINAGAR: The cooperative societies in north Kashmir’s Baramulla district witnessed a turnover of Rs 28 crore during the ongoing fiscal year, Deputy Registrar of Cooperative Societies said Thursday.
“The cooperative societies had a turnover of Rs 28 crore during the current year in the fields of agriculture, poultry, transport and credit,” he revealed during a function organised in the district in connection with the 61st cooperative week.
All prominent members of cooperative societies and employees of the Cooperative Department participated in the function.
On the occasion, District Audit Officer Cooperative Societies for Baramulla and Bandipora and Managing Director BCCB Ltd made speeches on the occasion.
Function held at Pulwama
The function to conclude the cooperative week was held at district headquarters at Pulwama in south Kashmir.
The various functionaries of the Cooperative Department, veteran cooperators, and administrators of the cooperative institutions delivered speeches on the occasion.
They described the cooperative sector as “a role model for achieving the economic stability of the society in the present capitalistic dominance and toughest state of market inflation”.
Functions were also held at all block headquarters of the district.
JCCB observes cooperative week
In Jammu, a function was organised by the Jammu Central Cooperative Bank (JCCB) at Sehkari Bhawan Railhead here in connection with its centenary celebrations and the cooperative week.
Highlighting role of the cooperative institutions, Secretary Cooperative R K Koul, who was presiding over the function, said the motive of the bank was to extend financial help to the farming community for improving its socio-economic status.
“To sustain in the competitive market, we have to strive hard. The functionaries have to work for improving financial health of the institution by ensuring timely recovery of loans from borrowers,” he said.
He said 116 PACS are functional in Jammu province while the deposits of the bank have touched Rs 1414.37 crore with 4, 34,918 account holders.
“The bank has moved ahead by Rs 414.02 crore apart from extending Rs 71.81 crore to 36734 kissan credit card holders during current fiscal,” he added.
Registrar Cooperatives Basharat Saleem and senior officers of the Cooperative Department, JCCB, RBI, and NABARD were present on the occasion.