Union Finance Minister Nirmala Sitharaman participated in the credit outreach programme of various central government schemes in Gangtok on Tuesday, February 28, 2023.
Addressing the event, the Finance Minister said, "I have learned from Chief Minister Prem Singh Tamang that he had given special incentives to the dairy sector of the state that also helps in the local economy, nutrition requirement of the people and the manufacture of value-added products which can give employments to the people."
The finance minister stated that she has observed National Bank for Agriculture and Rural Development (NABARD) making progress in the field of multifunctional cooperatives. She said, "You know, the cooperatives ministry was separately established by Prime Minister Narendra Modi, and the cooperatives ministry is looking at a massive establishment of multistate and multipurpose cooperatives which will help the dairy farmers who are members of the multistate cooperatives and will help workers of the handicraft segment at the same time.
The Finance Minister said all these activities can be helped by the cooperatives where every member of the cooperative tends to receive the benefits and also the way in which the current scheme, which is envisaged in the Budget. "These cooperatives will be building huge storage capacities," she said.
At the Credit Outreach Program in Gangtok, the Finance Minister also distributed a brochure titled "NABARD's Special Development Plan for the Aspirational District in Sikkim." According to a tweet from the finance ministry's official account, Soreng is the only aspirational district in Sikkim. The audience at the credit outreach programme, Chief Minister Prem Singh Tamang, Department of Financial Services Secretary Vivek Joshi, and NABARD Chairman Shaji were present during the speech by the Union finance minister.
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