NAHARLAGUN : A two-day capacity building programme aimed at strengthening financial management of cooperative institutions in Arunachal Pradesh concluded at Naharlagun on Tuesday.
The programme was jointly organised by the National Bank for Agriculture and Rural Development (NABARD), The Institute of Chartered Accountants of India (ICAI), Office of the Registrar of Cooperative Societies and Arunachal Pradesh State Cooperative Apex Bank Ltd. (APSCAB).
The training programme was conducted for officers and staff of APSCAB and 34 Large-Sized Adivasi Multipurpose Cooperative Societies (LAMPS) to enhance their capabilities in understanding and analysing financial statements and improving financial governance.
The programme was inaugurated by ICAI Cooperation and NPO Committee chairman Pankaj Shah in the presence of NABARD General Manager and Officer-in-Charge S V Ranga Rao, Arunachal Pradesh Registrar of Cooperative Societies Jummar Bam and APSCAB Managing Director Bittu Kri.
More than 60 participants attended the programme on both days.
Addressing the participants, Pankaj Shah highlighted the activities and initiatives of ICAI and appreciated the role played by cooperative institutions in rural development.
“Cooperative institutions in Arunachal Pradesh have a crucial role in extending credit for agriculture and rural development. ICAI will continue to provide knowledge-based support to cooperatives in the state,” Shah said.
Explaining the objectives of the programme, S V Ranga Rao urged APSCAB and LAMPS to effectively utilise the training for strengthening their accounting and financial management systems and for proper implementation of computerisation initiatives.
Bittu Kri appreciated the initiative taken by NABARD and ICAI in supporting capacity-building interventions for cooperative institutions in the state.
Jummar Bam underscored the role of cooperatives in achieving the goals of the ‘Sahakar Se Samriddhi’ and ‘Viksit Bharat’ initiatives.
In his address on the opening day, Joint Registrar of Cooperative Societies Michi Gambo highlighted the responsibility of cooperatives in implementing various initiatives of the Ministry of Cooperation, Government of India.
Chartered Accountant Sunil Nagaonkar conducted technical sessions on financial management for effective governance of cooperative societies, interpretation of financial statements, banking and credit operations, and digital transformation in cooperatives.
