The coveted Dipstambhva Award [Light House] was bestowed on Zamwar by the Department of Cooperation of Maharashtra Government on Sunday (July 31).
Active in the Buldhana district of the state, the Buldana Urban Credit Cooperative Society is a multi-purpose cooperative with varied interests. It employs the concept of multi-purpose cooperative in solving everyday municipal problems.
It offers water ATMs, Vedic schools, hotels, bridges, spinning mills and even guest houses at religious places such as Shirdi, Maharashtra, and Tirupati, Andhra Pradesh.
Buldana boasts of a business mix of $1.3 billion with a workforce being nearly 5,500. The company’s core competence is offering credit as a cooperative. It has a spread of about 365 branches.
Mr. Zamwar was recently at the National Cooperative Union of India (NCUI) in Delhi for a NAFCUB-NCUI seminar staged to oppose the unregulated deposit Bill being proposed by the government.
Making a strong case for withdrawal of the bill, Zamwar contended the motivation for the bill has come from United Kingdom and the basic difference between the two economies– speculative vs real –has not been considered.