80% Of The Co-operative Societies Running Profitably
Eighty per cent of the co-operative societies in the district are functioning profitably and 475 societies are catering to the needs of the 13.5 lakh family card holders, Minister for Animal Husbandry and Rural Industries Pongalur N Palanisamy has said. He was speaking at a function organised in connection with the 55th All India Co-operative Week celebrations being observed under the theme “Agricultural Growth and Food Security through Co-operative and Information Technology” recently.Sixty societies have netted profit and 477 80 per cent profit. Through these societies Rs. 800 crore have been given as advances and have a deposits to a tune of Rs. 1,000 crore. The Minister also gave away welfare aids worth Rs 2.32 crore besides giving away trophies to the best co-operative societies. He also gave away Rs. 30 lakh as Education Development assistance to the Special Officer.
