Despite the challenges in 2023, the Kerala State’s cooperative sector, led by Minister V. N. Vasavan, assures financial security for depositors.
Inaugurating the 44th deposit mobilization drive with a Rs 9,000 crore target, Vasavan emphasizes joint efforts for sectoral growth.
With primary cooperative banks aiming at Rs 7,250 crore, Kerala Bank at Rs 1,750 crore, and KSCARD at Rs 150 crore, the month-long campaign, running till February 10, aims to attract youth to cooperatives.
Vasavan applauds increased interest rates and stresses modernization for Kerala Bank and stronger ties with cooperative societies.