Deputy Minister of Labour and General Secretary of the Ceylon Teachers’ Service Union, Mr. Mahinda Jayasinghe, stated that due to corruption-free management, the financial stability of the Education Service Employees’ Co-operative Thrift and Credit Society Ltd. (EDCS) was strengthened significantly within a short period.
Addressing the EDCS Sisu Nena Pranama scholarship award ceremony held today (31) at Temple Trees, the Deputy Minister noted that the society’s assets increased from Rs. 1,200 million to Rs. 1,700 million within approximately nine months.
Prime Minister Dr. Harini Amarasuriya, speaking at the same event, highlighted that EDCS, which began in 1930 with just 58 members and a membership fee of one rupee, has today grown into the largest cooperative society in South Asia, with nearly 215,000 members.
The ceremony recognized students selected to state universities for the 2023/2024 academic year and underscored the long-standing contribution of the education service community to national development
