A comprehensive amendment would be made to the law governing the co-operativ🃏e sector to make it function flawlessly, State Minister for Cooperation and Registration V N Vasavan said on Sunday.
Speaking at the concluding session of the State-level 69th All-India Cooperative We🅘ek here, Vasavan said that changes would be made to solve the problems in the sector.
For this, the suggestions an🔯d opinions of the employees and the cooperative community would beܫ considered, he said.
The Minister said the ൲sector, keeping with the times, should be able to take advantage of modern technology and advanced banking activities.
The co-operaꦦt🐼ive sector works with a social commitment to health, agriculture, and education and has come forward to help the farmers when privatisation and mergers took place, he said.
Vasavan said isolated💜 incidents of irregularities in the cooperative sector were generalised and propaganda was carried out.
He probably was referring to t🙈he Rs 300-crore scam in the Karuvannur Cooperative Bank in the Thrissur district.
The Minister said to prevent such irregularities, the State government has devised several projects to inte♉grate information technology with the🦩 sector.
He said strict action would be taken against employees for serious m🐻istakes and that a cumulative fund of Rs 500 crore was formed to help cooperatives in case of a crisis in the future.
