Print Edition - 2015-04-02 | MONEY
Co-ops urged to modernise
Apr 1, 2015-
Cooperative-based businesses have not been able to make much headway due to lack of skilled manpower and failure to introduce advanced manufacturing technology, stakeholders said.
Speaking at a programme organised to mark the 58th National Cooperatives Day, participants said the sector had failed to yield the desired outcomes over the last six decades despite its expansion.
Deepak Prakash Baskota, former president of the National Cooperatives Federation (NCF), said the sector was yet to ensure quality service as the government had failed to initiate necessary measures in line with the emphasis given by the constitution. The Interim Constitu-tion has categorized the cooperative sector one of the three pillars of the economy.
Although Cooperatives Act 1992 states that the number of cooperatives should be increased, lack of laws to penalize wrongdoers has resulted in irregularities in the sector. Similarly, around Rs11 billon remains stuck in troubled cooperatives and they are concentrated in urban areas.
The stakeholders said the cooperative sector had not been able to contribute to the development of agricultural businesses as they tended to congregate in the towns.
CPN-UML leader Bharat Mohan Adhikari said that lack of coordination among government agencies had also affected the government’s programme to alleviate poverty through the cooperative sector.
NCF President Keshav Prasad Badal stressed the need to enhance the role of cooperatives in farm production to reduce the swelling imports of agro products.
“Cooperatives should focus on the optimum utilization of the country’s herbal and mineral resources and alternative energy which could also help in narrowing the widening gap between exports and imports,” he said.
Published: 02-04-2015 09:28