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Chief Minister inaugurates 5th new branch of The Saurashtra Cooperative Bank Limited at Nava Naroda

Saurashtra Cooperative Bank Limited today realized the mantra of ‘Sahakar thi Samruddhi’ given by Prime Minister Shri Narendra Modi

Gandhinagar, September 22, 2023: Chief Minister Shri Bhupendra Patel inaugurated the 5th new branch of The Saurashtra Cooperative Bank Limited equipped with ultra-modern facilities at Nava Naroda Ahmedabad in the presence of Minister of state Shri Jagdish Vishwakarma.

Addressing to the occasion Chief Minister said that Saurashtra Co-operative Bank Limited has today realized the mantra ‘Sahakar thi Samruddhi’ given by Prime Minister Shri Narendra Modi. This bank has provided an excellent example of how the cooperative sector is progressing. Thus, today the goal of a developed nation is being realized by the cooperative sector, CM said.

In this regard he further said that This bank, which initially started with a fund of four lakhs, has become a bank of Rs 300 crores today and this has been possible only because of trust and cooperation.

Today, the cooperative sector is achieving many achievements through the mantra of ‘Sauno Saath, Sauno Vikas, Sauno Prayas and Sauno Vishwas’ given by Prime Minister Shri Narendra Modi. Today this sector is progressing with mutual cooperation and many co-operative banks have provided a great example of this today. Today this sector is making substantial progress due to the trust in the administrative system of the cooperative sector. He further added.

Speaking about the cooperative sector, the Chief Minister said, A great example of the strength of the cooperative sector has been provided by the Prime Minister by starting the Ministry of Cooperatives for the first time in the country. Today, under the guidance of Union Home and Cooperation Minister Shri Amit Shah, cooperative sector is making continuous progress across the nation.

While many economies around the world collapsed due to Corona, India’s economy was still growing steadily. Chief Minister expressed the belief that our economy will definitely reach the third place in the world when Prime Minister when Shri Narendra Modi will become the Prime Minister again in the year 2024.

On this occasion the Minister of State Shri Jagdish Vishwakarma said that, The first branch of Saurashtra Co-operative Bank Limited was started on 8th May 1983 in Bapunagar, Ahmedabad. During this journey of 41 years and till date Saurashtra Co-operative Bank Limited has made huge progress through the contribution of Rs 100 each from the smallest of mill workers.

He further said, Under the leadership of Prime Minister Shri Narendra Modi and Union Home and Cooperation Minister Shri Amit Shah, Gujarat today is surpassing many achievements in the field of cooperation. The Minister further added that Gujarat is also playing the role of a leader in the field of cooperatives across the country.

On this occasion, the Director of Saurashtra Co-operative Bank Limited Shri Vallabh G. Kakadiya said, 41 years ago when there was no co-operative bank in the eastern region, this bank was started with deposits of rupees 4 lakhs only. Today this bank has a unique position in the co-operative bank sector. Talking about the special operations of this bank, he said, Loans have been given to 10 thousand women by this bank.

On the occasion of the inauguration of the 5th new branch of Saurashtra Co-operative Bank Limited, fruits and sweets were distributed by Chief Minister Shri Bhupendra Patel to 73 Anganwadi children on the occasion of completion of 73 years of Prime Minister Shri Narendra Modi. Along with this, the customers of the bank were also felicitated by the Chief Minister.

On this occasion, Ahmedabad Mayor Ms. Pratibha Jain, MLA Shri Babu Patel, Chairman of The Saurashtra Co-operative Bank Limited Shri Kanu J. Patel, Vice Chairman Shri Parasottam H. Vekaria, Director Shri Vallabh G. Kakadiya and various community leaders, anganwadi women and staff of the bank alongwith family members were present.

Source: Information Department, Gujarat