National Commission on Labour (1967)||
11.33 Cooperative credit societies play a very important
role in meeting credit needs of workers as also in promoting the habit of thrift. Wherever
feasible, the employers should pro
mote the formation of such societies by providing them furniture and accommodation. In the initial stages, the employers should give financial assistance to meet the expenditure on staff and to improve their lending capacity. The main obstacle in the efficient running of cooperative thrift societies has been the lack of trained and experienced persons to manage them. Employers and trade unions should, therefore, take steps to train workers for this purpose with the assistance of the Registrar of Cooperative Societies of the State concerned.