National News Analysis

30 August 2025, 5:05 AM

DIGITALIZATION OF THE COOPERATIVE SECTOR IS NECESSARY – JOSHI

Digitalization of the cooperative sector is necessary

2,600 crores reserved from the central government: Joshi

Bengaluru : Union Minister Prahlad Joshi expressed the hope that like the banking sector, the cooperative sector should also be completely digitalized. Speaking at the inauguration of the Silver Jubilee of the Souharda Cooperative Act and the Cooperative Movement organized by the Karnataka State Souharda Samyukta Sahakari Limited at the Palace Grounds, he said that the Central Ministry of Cooperatives has allocated Rs. 2,600 crore for the purpose of digitalizing the cooperative sector.For the first time in the center, the banking sector is being digitized. Frog RFRe Mund Bandraga Illiteracy is high in the country, so it will not be successful. The opposition parties are saying that the central government is making some amendments to the Cooperative Act regarding the Cooperative Act, and the state can raise any objections in this regard. He said that the cooperative sector in the state has been proving its worth since before independence, which has also led to the progress of the country’s cooperative sector. It is a matter of pride that India, the world’s largest democracy, has completely digitalized the banking sector in an effective manner.

Union Minister Prahlad Jyoti inaugurated the Silver Jubilee of the Souharda Cooperative Act and the Cooperative Movement organized by the Karnataka State Souharda Samyukta Sahakari Limited on Friday. The matter should be intensified as a bank, he said, adding that the world is surprised that it is the cause of more economic activities. Xth a. Vidhasara Mavanadi. At present, DCC banks have reached a situation where they are walking on a wire, an o Timbala is essential.  State Policy and Planning CommissionVice Chairman B.R. Patil said that Israel is ahead in the world in the field of cooperation and that its government has adopted the principles of cooperation in many ways. MLAs Araga Gyanendra, Sunil 51000 crore turnoverCooperative societies are more important than deposits and business services, which has led to greater growth in the cooperative sector in the state. Swata 6. 5 Cooperative banks with 75 lakh members and an annual turnover of 51 thousand crores are the reason for the progress. Patil, Yashpala Suvarna, Chairman of Cooperative Limited CA G. Nanjanagowda and others were present. 

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