SDO Mon urges cooperative societies to boost economy

Photo:  SDO Civil, Mon Keyinrangding Hgui inaugurating the training programme

Three-day training programme for chairmen, BOD, secretaries of ICDP beneficiary societies on management of cooperative societies was inaugurated by SDO Civil, Mon (Sadar) Keyinrangding Hgui as the chief guest on October 30 at council hall, Mon.

In his inaugural speech, Keyinrangding said majority of the public of the district were illiterate and so the government was providing enough funds for upliftment of the district.

He therefore called upon the beneficiaries to be more sensitive and active in carrying out various schemes and projects for the betterment of the district through cooperative societies. 

Citing that the district was blessed with fertile soil suitable for various agricultural productions, he appealed to the beneficiaries to give due importance to agriculture and agri. related activities and boost the economy of the society and the nation. 

The SDO civil also urged the cooperative department to conduct more trainings in future for the benefit of the public and added that cooperative was a Naga way of life. 

Registrar of Cooperative Societies, T. Imkonglemla who graced the occasion as the guest of honour said after the liberation of the country’s economy, the government had gradually stopped its grants and subsidies to cooperative societies. 

In such a scenario, she said the only option for the cooperative societies to survive was to adopt a complete professional approach in managing their cooperatives as business entity.  

Emphasizing on cooperative education, she said cooperative institutions like Amul, Mother Diary, Sugar Mills of North East India and Textiles Mills of South India are successful because these cooperative institutions compete with other private companies and give top priority to cooperative education and the members are all cooperatively trained. 

However, she said on the contrary cooperative societies in Nagaland are not successful because it lacks cooperative education, proper accounts and management procedure and are managed by a single man or a family. 

She also informed that credit management like funds and loans are vital requirements for the success of any society for growth and expansion of business. 

“Mismanagement of these vital resources destroys the business of the society”, she added. Therefore she called upon the cooperative societies to learn the important aspects of cooperative and loan advances given to them for recovery. 

Earlier, invocation was proposed by Rev. J. Tenwang konyak, district chaplain while welcome address was proposed by K. Yehoshe Aomi. 

Introductory speech was delivered by Badrul Hague, consultant, NSCU and vote of thanks by S. Kakuto Chopy, DO, ICDP, Mon.