News Karnataka
Wednesday, April 24 2024
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Bengaluru

Women are helping to boost State’s economy, per capita income: CM Bommai

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Bengaluru: Chief Minister Basavaraj Bommai on Sunday March 20 said that the State Government will establish multipurpose women’s cooperative societies in each taluk with a 90 per cent government share capital. 

“The government will bear the membership fees to encourage people from backward classes, scheduled castes, and scheduled tribes to become members of various cooperatives,” the CM said after presenting the ‘Sahakara Ratna’ awards organised by Karnataka State Cooperative Federation Limited, Karnataka State Housing Cooperative Society, and the Cooperation Department.

The cooperative sector will be successful only if the working class and women take part in large numbers. “Women are helping to boost the State’s economy and per capita income. If the sector grows Karnataka will become number one,” he added.

“The state’s milk cooperative societies generate Rs. 36,000 Crore in annual revenue. The State Government has decided to establish a Milk Producers Bank to ensure that profits are shared with milk producers. The Ksheera Samridhi Bank will be established with a financial allocation of Rs. 100 Crore. Orders in this regard will be issued soon,” he said.

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