Funds worth Rs.5.04 crores were distributed to the beneficiaries during the 62nd All India Cooperative Week Celebrations in Coimbatore on Saturday.

Distributing the funds, Cooperative Minister Sellur K. Raju said that 2.32 lakh officials have been selected after conducting elections for the 23665 cooperative banks all over the state.

He added that the state government had offered equipment at a cost of over Rs.2000 crores for the development of farming in the state. “The state has also offered crores of funds including Rs.150 crores for TANFED and Rs.19.13 lakhs for TUCAS. It has also offered Rs.2267.99 crores for Women’s Self Help Groups,” he said.

He also added that the state government has allotted Rs.100 crores to control the price hikes in the market.

S.P. Velumani, the Minister for Rural Development and Municipal Administration, said that government is providing incentives including Amma Salt, goats, Amma Cements, mixer grinders, table fans, and food at heavily subsidized costs through Amma Canteens for the masses. He also added that the state had set aside Rs.2678.55 crore worth development projects in Coimbatore.

Mayor P. Rajkumar, District Collector Archana Patnaik, M.P. A.K. Sevaraj, Cooptex President K.V. Manoharan, Deputy Mayor Leelavathi Unni, and TUCAS General Manager K. Sivakumar also participated in the even