Kerala government has once again urged the RBI to supply cash to the cooperative sector as first tranche to ease their problems in the aftermath of demonetization, report Agencies.
Responding to the state govt.’s request, the RBI would provide Rs 200 crore immediately.
The apex bank was fully aware of the role played by the cooperatives of Kerala banking sector in rural areas, a release said.
The state government also wants the RBI to provide more funds to primary agriculture cooperative societies and relax the limit fixed for withdrawal of cash by them.
