Mandate to Empower Women, Digital Transformation, and Economic Growth
S Gopal Puri / Munish Sood
Mandi: – In a bold move to revolutionize Himachal Pradesh’s cooperative sector, Deputy Chief Minister Mukesh Agnihotri announced a significant ₹80 crore investment aimed at modernizing and expanding the reach of cooperative societies across the state. Speaking at a state-level cooperative ceremony in Mandi, Agnihotri outlined plans to digitize operations, foster women’s participation, and enhance the sector’s economic contributions. This initiative could prove to be a game-changer for both the state’s economy and the Congress-led government’s political prospects.
A Vision for Women’s Empowerment and Inclusivity
Addressing the event, Agnihotri underscored the importance of strengthening women’s roles within the cooperative sector. “Himachal Pradesh has always been at the forefront of the cooperative movement in India. Now, we aim to make this sector more inclusive, with a particular focus on empowering women,” he declared. As part of this vision, Agnihotri revealed that the state government is preparing a proposal to reserve positions for women in cooperative bodies. The initiative is set to be discussed in the upcoming state cabinet meeting. Additionally, land allocation for cooperatives run entirely by local Himachali members is under consideration, further promoting indigenous empowerment.
Digital Transformation with ₹80 Crore Investment
In a bid to modernize cooperative societies and enhance their efficiency, Agnihotri announced an ₹80 crore investment, half of which will be directed towards IT infrastructure. “This will ensure that all primary cooperative societies in Himachal Pradesh are computerized, enabling faster and more transparent operations,” he said. The push for digitization comes at a time when modern banking is transforming the financial landscape. By embracing technology, Agnihotri hopes to boost the cooperative sector’s capacity to serve small businesses, aspiring youth, and farmers who depend on these societies for affordable loans and financial services.
Cooperative Banks: Pillars of Economic Growth
Agnihotri also emphasized the critical role cooperative banks play in Himachal’s economy. With a combined investment portfolio of ₹55,000 crore, these banks are a cornerstone of the state’s financial system. The Himachal Pradesh State Cooperative Bank alone manages ₹26,000 crore, with other institutions like Kangra Central Cooperative Bank and Jogindra Bank also making significant contributions. Agnihotri encouraged borrowers to repay loans promptly and urged cooperative banks to adopt a more supportive approach toward financing local businesses and farmers.
Global Recognition and Local Impact
Beyond economic growth, Agnihotri highlighted the growing global recognition of Himachali cooperative products. From woolen shawls to handcrafted dairy goods, the products of local cooperatives are gaining traction worldwide. Institutions like Bhuttico, HIMCAPES, and Kamdhenu are setting high standards in weaving, education, and dairy production, respectively. Additionally, 61 women received collateral-free loans through the Himachal Pradesh State Cooperative Bank, reinforcing the government’s commitment to women’s empowerment.
The event concluded with a cultural showcase, celebrating the achievements of the cooperative sector and its deep-rooted connection to Himachal’s development. As Agnihotri and other leaders push for further reforms, this comprehensive strategy could significantly impact the region’s economic future and the Congress party’s standing in the state.
