A memorandum of understanding between the Assam Government and the NABARD on revival of short-term cooperative credit was signed today in presence of Chief Minister Tarun Gogoi. An official release said that the NABARD chairman UC Sarangi, Principal Secretary to the Government of Assam VK Pipersenia and Director, Ministry of Finance of the Government of India, Samir Sinha signed the MoU. Speaking on the occasion, the Chief Minister said that the State and Central governments and the NABARD would act as partners to revive the short term loan structure for the cooperative sector. He said that a strong cooperative movement would be able to bring socio-economic change in the state. He said that the signing of the MoU would benefit the small and marginal farmers and strengthen the cooperatives. The Minister, Cooperation, Gautam Bora and Chief Secretary PC Sarma were also present on the occasion, the release said.