The Department of Co-operation is a vital Department of the Government of Karnataka. The Department functions in close co-operation and co-ordination with various other Departments connected with the implementation of socio-economic plans and schemes.
The Department of Co-operation oversees the administration and functioning of various Co-operative Institutions namely Textiles, Sericulture, Industries, Animal Husbandry, Fisheries, Sugar, Horticulture, Agriculture and Irrigation and also assist the societies financially besides providing technical guidance and input.
Karnataka is the first state wherein Agricultural loans through co-operatives are available at 3% which, is the lowest in the country. This facility is also extended to the loans borrowed by weavers and fishermen.
Loans are available if borrowed through co-operatives, for self-help groups at 4%. The government of Karnataka is subsidizing the co-operatives by providing Interest- subsidy through budgetary provisions.
To promote and encourage the growth of self-reliant, autonomous, and economically viable co-operatives through the active participation of the members.
Regulatory Functions of the department:
To organize and register various types of cooperative societies on the basis of principles of cooperation, formulating, and registration of bylaws and rules for the effective functioning of these societies. Appointment of election officer for conducting the election in order to elect the board members to the cooperative societies. To conduct Enquiry and Inspection with regard to irregular activities in co-operative societies
Register societies and institutions under Karnataka Societies Registration Act 1960 and to implement the Act
Source: Department website