NEGLIGENCE over the decades has made most of the cooperatives in Bangladesh non-functional, says the secretary to the Rural Development and Cooperatives Division, Mihir Kanti Majumder.
Cooperative, which is people's collective efforts to acquire assets for community or group use, has not had the adequate attention from the authorities concerned and, as such, it has not made the desired progress, he said in an exclusive interview with New Age on Sunday.
Flawed laws and rules, administrative loopholes and declining democratic practices in cooperative societies have also contributed to the loss of efficacy of the cooperative movement, he said.
Source : New Age
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