The pro-Congress cooperative Sahakarna Janathipathya Vedi has slammed the Centre and State governments for undermining Kerala’s cooperative movement. Vedi chairman Karakulam Krishna Pillai said the government’s move to establish a Kerala Bank was a step in this direction, reports Hindu.
Pro-Congress cooperator says the formation of Kerala Bank would deprive the agriculture sector of funds and other benefits. The govt. has failed to take necessary steps to solve problems that confronted cooperative institutions in the wake of demonetization, he laments.
The Congress party had opposed the decision to disband the director boards of district cooperative banks. The government was adopting measures intended to divide the cooperative movement rather than introducing innovative steps to secure the future of cooperative institutions, the party charges.