Supriya Sule lends support to urban co-operative banks | mumbai | Hindustan Times
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Supriya Sule lends support to urban co-operative banks

mumbai Updated: Oct 14, 2010 03:25 IST
Ketaki Ghoge

Supriya Sule, Nationalist Congress Party (NCP) MP and daughter of Union agriculture minister, Sharad Pawar, seems to be following in her father’s footsteps.

Sule has offered her support to the co-operative sector in the state and will help organise a national conference for urban co-operative banks next month.

There are over 591 urban co-operative banks in the state with deposits totalling over Rs 1 lakh crore.

The conference of all these bank directors along with experts, policy makers and ministers will be held in Nashik over two days.

Finance minister Pranab Mukherjee is also likely to participate in the conference.

The move by Sule to help organise this function is being seen as her entry into the co-operative sector.

“I am helping them out as many of their issues are tied up in Delhi. The co-operative movement is the backbone of our economy and there is huge potential for these banks,” Sule said.

Pawar is regarded as the undisputed leader of the co-operative sector in the state. NCP, the party founded by him, has its power base in sugar co-operatives and banks.

Urban co-operative banks are not traditionally seen to yield that kind of political clout, but with rapid urbanisation in Maharashtra, the scenario could change.

The state already has the strongest network of urban co-op banks in the country.

The board of these banks currently has a mixed political control though Sena and the Bharatiya Janata Party have had the maximum presence in this sector.

“We have various issues that can be sorted out with some assistance from the Centre,” said Vishwas Thakur, convenor of the function.

“The potential of urban co-operative is huge. And, association of Member of Parliament like Sule, will help bring our problems to the forefront,” Thakur added.