The Hindu Business Line : Co-operative sector

The editorial, ``Governments must co-operate'' (Business Line, December 14) rightly points out that the problem facing co-operative entities is the lack of professionalism. It seems that the entire Nehruvian concept that the ``co-operatives were to be decentralised, community-oriented alternatives to both communism and free enterprise'' is negated. The only exception to this, perhaps, is the dairy sector in Gujarat, which still maintains the vibrancy of the co-operative sector.

Dual administration ruins every system and that is exactly what has happened to the co-operative societies/banks. Co-operative banks have fallen prey to the foul plays of vested interests across the country.

The government should release co-operative banks from the clutches of the state-run co-operative sector and bring themunder the control of the RBI.

Management and employees must given modern training to keep abreast of present day requirements.

C.P. Velayudhan Nair

North Edappally

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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