The key role and significant contribution of cooperatives in alleviating poverty, generating employment and supporting the socio-economic development of the country was the main gist of the message given by the Minister of Business, Enterprises and Cooperatives, Mr Soomilduth Bholah, on 06 July 2018 in the context of the International Cooperative Day 2018.
The Minister recalled that since 1913 the cooperative movement has been instrumental in ensuring the progress of the country and that the sector today constitutes of some 1100 cooperative societies with a turnover of Rs 5.8 billion. He underlined that cooperatives are guided by principles such as accountability, solidarity, good governance, equality and democracy which render them more apt to infusing sustainability at the core of their activities.
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