Tuesday, July 23, 2013

Shri M. Ramakrishnaiah is no more - a tribute

Shri M. Ramakrishnaaiah, a retired Chief Secretary to Government of Orissa was the founder Chairman of NABARD and former Dy. Governor of RBI.
An intellectual with compassion for the poor he always believed that the country needs to grow with savings and the right institution to reach the poor is cooperatives in villages that are democratically run and owned by them. It is a great loss to all those who know Shri M. Ramakrishnaiah, the man with a vision who shaped NABARD in the first few years. He chaired the Committee set up to review cooperative legislation when N.T. Rama Rao was Chief Minister of Andhra Pradesh and was instrumental in formulating the first liberal Act on Cooperatives - Mutually Aided Coop Societies Act that is now a parallel Act in nine States of the country and on its foundations the 97th Constitution Amendment Act 2011 has been formulated. An ardent believer in the capabilities of Cooperative system as a saviour of the country sans the political seize it currently holds.