Speaking after inaugurating the 57th All India Co-operative week celebrations here on Monday, he said those working in the co-operative sector must strive to implement development works through the sector. Winning confidence of the people is a major challenge before this sector. Many co-operative institutions have been closed down as they failed to win the people’s confidence coupled with inefficiency among the employees. There is a need for maintaining a total transparency in business as it was customer’s money.
People would patronise co-operative banks if they work to their expectations. Balakrishna said the co-operative institutions in Mysore and Mandya were doing well and the Hassan district have to take those two districts as models. In Hassan district, of the total 169 co-operative institutions, 30 are really functioning well. Taluk level workshop would be organised for the benefit of employees regarding various rules, regulations and latest developments in the banking sector.
Published 16 November 2010, 16:50 IST