Daijiworld Media Network - Mangalore (SP)

Mangalore, Jun 27: President of the State Apex Bank and South Canara District Central Cooperative Bank M N Rajendra Kumar presided over a seminar on 'the advantages and disadvantages of the implementation of Vaidyanathan Committee report' organized at the Loyola Hall in the city on Thursday June 26. Addressing the participants, he said that the government will be appraised of the concerns, opinions etc., relating to the implementation of this report, after collecting views from all the cooperative institutions of the two districts and suitable recommendations for the conditional implementation of the report will be made to the state government thereafter.

DK District Cooperative Union president P B Diwakar Rai expresed the opinion that the report of the Vaidyanathan Committee has various lacunae. It would be appropriate to form an experts committee at the districtlevel for drawing the state government's attention to the wrongs in the report. If the report is accepted in toto, the cooperative institutions in the district will find it tough to survive, he stressed.

Udupi District cooperative Union president Kishen Hegde Kolkebail felt that the report does not suit the cooperatives in the undivided DK district. Once the report comes into force, the government will lose its hold on the societies, he noted.

President and executive officers of cooperatives from both the districts took part in the seminar and came up with opinions. The recommendation to delete the word 'bank' from the names of societies and replace it with the word 'society' was vehemently resisted by most of the participants. Rajendra Kumar also came down heavily on the recommendation to give voting rights to the depositors and loanees. Citing that SCDCC Bank has 2.8 lac depositors, he said that sending of notices to so many people at an exorbitant cost and holding such a large annual general body meeting is totally impracticable.