- 23 December, 2016:
A National Cooperative College will be set up in 2017, said
the Minister of Business, Enterprise and Cooperatives, Mr Soomilduth Bholah, yesterday at the launching ceremony of a brochure focused on the incentives, facilities and support services to cooperative societies in Port Louis.
The aim of the College is to provide appropriate training to potential entrepreneurs so as to encourage them to group themselves into cooperative societies. Another objective is to bring visibility to the cooperative societies and federations so as to help them operate in an efficient manner.
In his address Minister Bholah pointed out that the brochure should serve as an important tool for the cooperative societies and cooperators so that they get acquainted with the necessary information for the smooth running of their respective cooperatives. The brochure carries information about the existing schemes provided by different Ministries, parastatal bodies and banks, which are unknown to many cooperative societies.
On that score, he appealed to the cooperative societies to make the most of the information in the brochure, that will be distributed to all the 1143 cooperative societies across the island.
The Ministry of Business, Enterprise and Cooperatives, has already put in place a 3-year Action Plan for the cooperative societies for which the target achieved so far is 85%. In this endeavour, Mr Bholah highlighted the role of the Cooperatives Division which according to him, aims at further promoting the cooperative sector and encouraging the development of the movement through the creation of a favourable and conducive legal and institutional environment.
As from next year online facilities will be available to cooperative societies for the registration of new applicants, said the Minister. He also dwelt on the existing incentives, facilities and support services, provided to the cooperative societies, which in turn have helped them become more productive.
There are at present 1143 Cooperative societies regulated by the Co-operatives Act 2005 that are operating in Mauritius.
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