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3-Day TRAINING PROGRAMME ON FINANCIAL MANAGEMENT, COST ACCOUNTING AND AUDIT FOR SECRETARIES OF PWCS

CaptureBhubaneswar,14.09.2015
A 3 day Training Programme on Financial Management, Cost Accounting
and Audit for the Secretaries of Primary Weavers’ CooperativeSocieties (PWCS), Odisha
is being inaugurated by Hon’ble Minister for Handloom, Textiles and Handicrafts Smt.
Snehangini Chhuria at Madhusudan Institute of Cooperative Management (MICM),
Bhubaneswar. Inaugurating the programme this morning Hon’ble Minister emphasized
upon the demand of the Handloom products of Odisha inside and outside the country
and the leading architects behind are the weavers of PWCS. She has also emphasized
upon that at present only 479 PWCS are functional and many more are under liquidation
process. The reason for this condition may be the mindset, financial condition and the
poor management of the societies. She urged upon the Secretaries to determine the
reasons for such condition and ascertain the means for better livelihood of the weavers
so that they can be in a position to perform better. For the purpose both Central
Government and State Government have announced several revival packages but due to
poor maintenance of the records very few are eligible for such revival packages. She
impressed upon the secretaries to aware the weavers about the opportunities and motivate
them to perform for maintaining the reputation of the handloom industry of the State as
well as for their financial uplift. She advised the participating secretaries of PWCS to
concentrate upon the deliberations of these three days and clarify all the doubts which
are creating bottlenecks for the growth.
Smt.ChithraArumugam,IAS, Commissioner-cum-Secretary, Department of
Handloom, Textiles and Handicrafts, Government of Odisha in her deliberations explained
the need of Financial Management, Cost Accounting and Audit in performance of the
PWCS. She assured the participating secretaries that, Department of Handloom, Textiles
and Handicrafts will take all the steps to aware PWCS about all the opportunities that are
available for growth of PWCS and it is the Secretaries who are to implement the same.
Director Textiles, Sri Govind Chandra Biswal while welcoming the guests, has
indicated the importance of the transparent accounts for the maintenance and growth of
the society. He further said that quality is the critical point in maintaining the rapport of
the Industry in the country as well as abroad. Hence the Secretaries of the societies need
to take proper care in maintaining the quality of the products of the society.
Sri S.Ghosh Director, MICM, proposed vote of thanks to all the guests and participating
Secretaries by briefing about the activities of the Institute. Sri S. Samanta, Deputy Director,
Textiles coordinated the inaugural session.
The aforesaid 3-day training programme will continue till16th September 2015. It
is being organized by MICM Bhubaneswar in collaboration with Directorate of Textiles,
Government of Odisha. Dr. P.K.Upadhyaya, Lecturer, MICM is coordinating the
programme.

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