Birla lauds Kota Employees Cooperative Society

Kota: The centenary annual convention of Kota Employees Cooperative Society Ltd 108R was organised on Sunday. During the programme, Lok Sabha Speaker Om Birla appreciated the 100-year journey of the committee and said that now the Board of Directors should proceed by making an action plan for the next hundred years with the goal of taking the committee to a new height. Addressing the programme organised in the UIT auditorium, Birla said that considering the needs of the present and future, the committee should also include online facilities in its functioning. The Board of Directors should develop such a method that within a day of the application, the loan amount is in the applicant’s account. Apart from this, the committee should plan to give loans to help the deprived become selfreliant. Birla said that the functioning of the committee reflects the golden movement of the cooperative movement. “Its success has been significantly contributed by the Board of Directors, who are not only honest but also ensure transparency and accountability in the operations. That is why no money from committee has been lost in last hundred years and this is an example for other institutions,” he said. Birla said that the cooperative movement has played an important role in bringing about positive socioeconomic changes in many countries. “There was a time people were in clutches of moneylenders, but cooperative movement created opportunities,” he said.