How is the Cooperative Movement Fueling Rural Prosperity in Gujarat?
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Synopsis
Gujarat's CM Bhupendra Patel shines a spotlight on the transformative power of cooperative movements in rural areas during an event at Kheti Bank, emphasizing a zero per cent NPA achievement and the significance of PM Modi's vision for inclusive growth.
Key Takeaways
- Zero per cent NPA: Kheti Bank has achieved an impressive track record with zero non-performing assets.
- Inclusive Growth: The cooperative movement is pivotal for rural empowerment, aligning with PM Modi's vision.
- Digital Transformation: Digitization is enhancing banking efficiency in cooperative sectors.
- Support for Farmers: Initiatives like the Settlement Yojana are providing crucial financial support.
- Employment Generation: The campaign to energize rural economies through PACS is expected to create jobs.
Gandhinagar, Aug 7 (NationPress) Gujarat’s Chief Minister Bhupendra Patel recently spoke at the Loan Acceptance Programme hosted by the Gujarat State Cooperative Agriculture and Rural Development Bank Ltd. (Kheti Bank) in Gandhinagar on Thursday.
“Prime Minister Modi’s vision of ‘Sabka Saath, Sabka Vikas’ has revitalized India’s cooperative framework,” the CM remarked, commending the contribution of cooperative banks like Kheti Bank in enhancing credibility, transparency, and development in the rural economy.
The CM applauded the bank’s impressive record of maintaining a zero per cent NPA (non-performing assets) for three consecutive years and acknowledged its initiatives to streamline loan policies and improve land valuation metrics, allowing farmers to obtain higher credit more easily.
Patel emphasized that Gujarat, once a leader in the non-cooperation movement during the freedom struggle, is now at the forefront of a new cooperative revolution under the leadership of PM Modi and Union Home and Cooperation Minister Amit Shah.
He pointed out that the creation of a dedicated Ministry of Cooperation for the first time since independence exemplifies the Centre’s dedication to inclusive rural development.
Highlighting PM Modi’s commitment to empowering farmers, cattle rearers, dairy producers, and women through cooperative engagement, the CM stated that the motto ‘Sahkar se Samriddhi’ has evolved into a national vision for grassroots prosperity.
He also recognized Amit Shah’s influence in improving coordination between central and state governments, resulting in numerous gram panchayats being linked with the cooperative sector in just four years.
The CM acknowledged the increasing importance of digitization in cooperative banks, congratulating Kheti Bank for its efforts in digitizing multiple branches to enhance transparency and efficiency in banking services.
Additionally, he welcomed the campaign initiated under Amit Shah’s guidance to invigorate rural economies through two lakh PACS (Primary Agricultural Credit Societies), which are anticipated to create new job opportunities.
During the event, IFFCO and GUJCOMASOL Chairman Dilip Sanghani expressed gratitude to the CM for his farmer-friendly initiatives, emphasizing that the role of cooperative institutions should go beyond profit for social upliftment. He highlighted the rapid opening of savings accounts facilitated by modern technology as a sign of this progressive approach.
Kheti Bank Chairman Dolarbhai Kotecha thanked the CM for approving Rs 102 crore in loans for farmers under the Settlement Yojana and Sahaj Yojana. He proudly mentioned that delegations from Jordan, Palestine, Indonesia, and Sri Lanka had visited the bank and praised its operations, marking a proud moment for Gujarat.
The event also featured CM Patel honoring district-level managers and directors for their excellence in loan disbursement, recovery, and account openings. Brand ambassador Nirmaben Thakor received best wishes for her participation in the Moscow Marathon, along with an air ticket, Indian flag, and sports kit from the Chief Minister.
Also present were Gandhinagar North MLA Rita Patel, Cooperative Cell Convener Bipin, Kheti Bank Vice President Jeevan Ahir, Gandhinagar City BJP President Ashish Dave, and hundreds of farmers and cooperative members from across Gujarat.
Point of View
Gujarat's cooperative movement emerges as a crucial element of empowerment and economic growth. The initiatives led by CM Bhupendra Patel and the cooperative banks reflect the nation’s commitment to fostering an inclusive economy, ensuring that no community is left behind.
NationPress
19/08/2025
Frequently Asked Questions
What is the Loan Acceptance Programme?
The Loan Acceptance Programme is an initiative organized by the Gujarat State Cooperative Agriculture and Rural Development Bank Ltd. (Kheti Bank) aimed at facilitating loans for farmers and enhancing rural development.
How has Kheti Bank maintained a zero per cent NPA?
Kheti Bank has maintained a zero per cent NPA by implementing stringent credit control measures, simplifying loan policies, and ensuring careful evaluation of borrowers, all contributing to its financial stability.
What role does the Ministry of Cooperation play?
The Ministry of Cooperation plays a pivotal role in coordinating efforts between the central and state governments to promote cooperative societies and enhance rural development across India.
How is digitization impacting cooperative banks?
Digitization is significantly improving the efficiency and transparency of cooperative banks, allowing for quicker transactions, better customer service, and enhanced access to banking facilities for rural populations.
What initiatives are being taken to empower farmers?
Various initiatives, including the establishment of Primary Agricultural Credit Societies (PACS) and loan schemes under the guidance of the central government, are aimed at empowering farmers and improving their economic conditions.
