Cooperative Sector Produces New and Young Leaders: DCM D K Shivakumar

Deputy Chief Minister D K Shivakumar said the cooperative sector has played a major role in creating leadership opportunities, employment, and economic growth in Karnataka during the inauguration of the new “Sahakara Samruddhi Soudha” administrative office in Bengaluru.

Key Details:

• DCM D K Shivakumar inaugurated the new administrative office “Sahakara Samruddhi Soudha,” which will house the Registrar of Cooperative Societies.

• He stated that cooperative societies have helped produce grassroots leaders who later became MLAs and national-level leaders.

• Referring to the strength of cooperative institutions, he remarked that “the chair belongs to whoever sits on it, and the ball belongs to whoever kicks it.”

• Shivakumar highlighted the role of cooperative banks and DCC banks in supporting farmers and industrial growth, including sugar factories.

• He said cooperative institutions have created employment opportunities and improved economic circulation in society.

• The Deputy Chief Minister also warned officials to closely monitor cooperative institutions to prevent financial irregularities and fraud.

• He referred to the Raghavendra Cooperative Bank fraud case while stressing the importance of accountability and trust in cooperative societies.

• Shivakumar said the plan for the new building had originally been proposed during his earlier tenure as Cooperation Minister but was delayed because the old structure was declared a heritage building.