Chief Minister Oommen Chandy will inaugurate the state-level Cooperative Deposit Mobilisation Campaign 2013 at Ernakulam District Cooperative Bank auditorium in Kakkanad at 10 am on Sunday.
The 34th state-level campaign from December 1 to 31 has set a target of `5,000 crore compared to `4,500cr last year. Cooperation, Khadi and Village Industries Minister C N Balakrishnan will preside over the function. Minister for Public Works V K Ebrahim Kunju will receive the first depost of the campaign. The prizes for best cooperative banks and societies will be distributed at the function.
“The total deposit in the cooperative sector in the state is over `1 lakh crore. The aim is to empower the sector by making it self-sufficient,” said Ernakulam District Cooperative Bank president N P Paulose at a press conference here on Friday. Union Minister Prof K V Thomas, Excise Minister K Babu, Civil Supplies Minister Anoop Jacob, MPs and MLAs will participate in the event.
The theme of the campaign this year is ‘Cooperative deposit for social development’.
Though the target last year was `4,500 cr, deposits worth `5,194.36 cr were mobilised through the campaign, Paulose said. Ernakulam District Cooperative Bank officials S Lathikadevi, Johny Areekkatt, Omana Chandrasekhar, P P Joy and T M Sreekumar were also present at the press conference.