Commissioner Secretary Co-operation, Bijoya Chetri, T. Imkonglemla Longkumer, Registrar of co-operative societies and officials of EATACOL pose for lens during the 1st Annual General Meeting of The Nagaland State Entrepreneurs Associates Thrift & Credit co-operatives federation Ltd at Heritage Kohima. (Morung Photo)
Kohima | October 15 : Commissioner Secretary, Co-operation Bijoya Chetri said that to become a successful entrepreneur a person needs to have patience, intelligence, knowledge, far sightedness, hard working habits and willingness to be in the hyper competitive world.
Exhorting the entrepreneurs during the 1st annual general meeting of Associates Thrift & Credit Co-operatives Federation (EATACOL) held today at the heritage, Old DC Bungalow, Chitri said the role of entrepreneurship in economic growth has consistently been emphasized on economic development which is even more prevalent and relevant for a developing nation like India where the problem of poverty and unemployment persists despite planned efforts to mitigate. While stating that the present era is being realized she added that entrepreneurs contribute to the development of the country in several ways like assembling and harnessing the various inputs, bearing the risks, innovating and imitating the techniques of production to reduce cost and increase its quality and quantity and expanding the horizons of the market.
EATACOL 1st annual general meeting held
“Despite the changes taking place in the global economic scenario, cooperatives continues to be very much relevant in our State and we need to reorient ourselves to face the challenges that lie ahead,” Chitri said. She added that cooperative structure has a deeper outreach and provides doorstep delivery for flow of credit particularly in rural and backward areas and to the weaker section of society and provides a unique system of economic emancipation and freedom to the poor and provides an alternative to money lenders who dominate the rural credit scene. Urging the entrepreneurs from various districts to be patience, sincere and dedicated, she shared that cooperatives can do a lot in improving the economic conditions of farmers and other rural poor provided they improve their competitive strength and conduct their operations on sound business line like any other economic enterprise.
T. Imkonglemla Longkumer, Registrar of co-operatives societies in her special address said cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs through a jointly owned and democratically controlled enterprise that imbibes the value of self-help, self-independent, democracy, equality and solidarity. She also said that the state is going through major socio-economic changes and unemployment is on the rise that has become a serious issue and the new generation of young entrepreneurs are entering the market through the availability of micro-credit facilities where through micro-financing has given these entrepreneurs/businessmen a platform and a signboard to venture into new areas and compete with other established players. Longkumer threw a challenge to EATACOL to maintain transparency in all dealings and inculcate honest work culture thereby banishing corruption in every practices, to set aside certain percentage of funds to specifically propagate thrift and credit education among the masses and to the upcoming entrepreneurs and to identify and reach out to enterprising youths from the neglected lower strata of the society.
Earlier, Managing Director EATACOL, Neichute Doulo presented report while N. K Jospehs and Zechete- Wetasa spoke on their experiences. Special numbers from different groups, handing over of primary Thrift & Credit societies Registered Certificate was also observed during the function. The programme was chaired by Tiatemsu Longchar.
Exhorting the entrepreneurs during the 1st annual general meeting of Associates Thrift & Credit Co-operatives Federation (EATACOL) held today at the heritage, Old DC Bungalow, Chitri said the role of entrepreneurship in economic growth has consistently been emphasized on economic development which is even more prevalent and relevant for a developing nation like India where the problem of poverty and unemployment persists despite planned efforts to mitigate. While stating that the present era is being realized she added that entrepreneurs contribute to the development of the country in several ways like assembling and harnessing the various inputs, bearing the risks, innovating and imitating the techniques of production to reduce cost and increase its quality and quantity and expanding the horizons of the market.
EATACOL 1st annual general meeting held
“Despite the changes taking place in the global economic scenario, cooperatives continues to be very much relevant in our State and we need to reorient ourselves to face the challenges that lie ahead,” Chitri said. She added that cooperative structure has a deeper outreach and provides doorstep delivery for flow of credit particularly in rural and backward areas and to the weaker section of society and provides a unique system of economic emancipation and freedom to the poor and provides an alternative to money lenders who dominate the rural credit scene. Urging the entrepreneurs from various districts to be patience, sincere and dedicated, she shared that cooperatives can do a lot in improving the economic conditions of farmers and other rural poor provided they improve their competitive strength and conduct their operations on sound business line like any other economic enterprise.
T. Imkonglemla Longkumer, Registrar of co-operatives societies in her special address said cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs through a jointly owned and democratically controlled enterprise that imbibes the value of self-help, self-independent, democracy, equality and solidarity. She also said that the state is going through major socio-economic changes and unemployment is on the rise that has become a serious issue and the new generation of young entrepreneurs are entering the market through the availability of micro-credit facilities where through micro-financing has given these entrepreneurs/businessmen a platform and a signboard to venture into new areas and compete with other established players. Longkumer threw a challenge to EATACOL to maintain transparency in all dealings and inculcate honest work culture thereby banishing corruption in every practices, to set aside certain percentage of funds to specifically propagate thrift and credit education among the masses and to the upcoming entrepreneurs and to identify and reach out to enterprising youths from the neglected lower strata of the society.
Earlier, Managing Director EATACOL, Neichute Doulo presented report while N. K Jospehs and Zechete- Wetasa spoke on their experiences. Special numbers from different groups, handing over of primary Thrift & Credit societies Registered Certificate was also observed during the function. The programme was chaired by Tiatemsu Longchar.
