Agriculture and cooperation minister Sharad Pawar on Saturday asked cooperatives to pull up the socks or perish. Pawar said in the era of liberalisation cooperatives need to professionalise their operations, reduce administrative cost and drastically cut the size of board of directors to take on competition. Pawar was speaking at the golden jubilee celeberations of the Maharashtra State Cooperative Marketing Federation.
At the outset Pawar made it clear he was seriously concern over the fate of cooperative movement which has been built and taken forward by leaders with a foresight. “However, there has been mistrust against the cooperative movement per se due to wrongdoings of some people. Those involved in this sector needs to protect the interest of the beneficiaries apart from its own members. The sector will have to improve its efficiency to face fierce competition from the private sector,” he added.
Pawar informed that the Centre has proposed amendments to the existing cooperative laws to reduce powers of the state and the central governments. However, more powers would be delegated to the people’s representatives on the board. The size of board of directors won’t be more than 20 members.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
