Cooperation minister Capt Kanwaljit Singh today said primary agriculture societies in rural areas will be converted into multi-purpose agri-societies,where farm-use facilities will be provided at cheaper rates. He said,the plan is to convert 20 percent of such societies into multi-purpose societies every year.
Addressing the media here this afternoon,the minister said,The attempt is help rural communities derive maximum benefit in the new economic social order.
A three-day national conference on Revival of Rural Cooperative Credit Structure will also begin on February 9 in Chandigarh. Capt Kanwaljit said the attempt will be to press for four-per cent cooperative loans at the meet being organised by cooperative institutions in collaboration with the National Federation of Cooperative Agricultural Rural Development Banks.
The conference would also provide a major stimulus to the cooperative movement in Punjab which is undergoing a dramatic improvement,he said.
International Cooperative Alliance (ICA) president,Ivano Barberini,and Punjab Chief Minister Parkash Singh Badal would be the chief guests at the inaugural function to be held at CII,Chandigarh.