Minister for Agriculture and Co-operation Tummala Nageswara Rao and others during the signing of a tripartite agreement at the programme organised by NABARD in Hyderabad on Monday.
Minister for Agriculture, Co-operation, Marketing, Textiles and Handloom Tummala Nageswara Rao on Monday underscored the role of cooperatives in promoting inclusive and sustainable development.
The Minister, who was addressing the Telangana Cooperative Conclave organised here by NABARD regional office, said the cooperative principles aim at ‘one for all, all for one’ . Cooperatives are people-centered and not capital-centred, he told the programme organised as part of the International Year of Cooperatives celebrations.
Seeking to highlight the importance of placing rural transformation at the centre of growth story, he appreciated the NABARD on how the bank during the last decade undertook a comprehensive set of interventions to build strong, resilient and future-ready cooperative institutions in the State.
With rice output at 189 lakh tonnes, Telangana stood as India’s second-largest rice producer in the country, Mr. Rao added.
NABARD CGM Uday Bhaskar, NAFSCOB Chairman Konduri Ravinder Rao and other speakers spoke of the significance of cooperative movement.
Signing of a tripartite agreement between NABARD, Telangana State Cooperative Apex Bank and 24X7 Moneyworks Consulting for issuance of eKCC, felicitation of 11 best-performing PACS from the State, presenting of cheques for ₹15 lakh each to 12 PACS as FPOs towards assistance by National Cooperative Development Corporation and distribution of micro ATMs by NABARD to Vijaya Dairy Cooperatives from nine districts figured in the programme, NABARD said in a release.
Published – December 29, 2025 08:58 pm IST
