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‘Revival Package’ for cooperative societies
Published on 28 Dec. 2010 12:12 AM IST
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The recent promulgation of ‘Ordinance for amendment of the Assam Cooperative Act, 1949’, enforced in the State of Nagaland has paved the way for the implementation of the Revival Package of Short Term Credit Cooperative Structure (STCCS) in Nagaland, an outcome of the MoU signed by the government of India and state government and NABARD.
Nagaland Registrar of Cooperative Societies (RCS), T. Imkonglemla Longkumer, has expressed gratitude to state chief minister Neiphiu Rio and his cabinet colleagues for taking keen interest and making this amendment a reality.
The promulgation of the Ordinance/Amendment of the Act was necessitated to revamp the cooperative credit structure which was suffering due to poor infrastructure, low level of business and poor recovery culture among the people.
In this regard, she also thanked adviser, cooperation & sericulture MLA, Azheto Zhimomi and commissioner and secretary, Visutha Angami for the initiative taken by them resulting in the smooth passage of the ordinance.
Longkumer also expressed gratitude to departmental officers and officers of the Governor’s Secretariat for the successful effort in making the programme a success.

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