The Kerala Government’s move to set up the Kerala Cooperative Bank by merging all district cooperative banks and state cooperative banks has ruffled Sahakar Bharti’s feathers. The RSS leaning body will take up the issue with the central government.
Sahakar Bharati Patron Satish Marathe has said “the merger of District Cooperative Banks will prove disastrous to the farmers. Instead of going for the merger, the state government should strengthen these Cooperative Banks”, he said.
Sahakar Bharati is planning to meet Union Finance Minister Arun Jaitley and will write letters to RBI and Nabard on the issue, Marathe said to this correspondent on the phone.
He also recently addressed a meeting organized by National Youth Cooperative Society in Thiruananpuram to
discuss this development.
There are about 14 District Cooperative Banks in the state with a network of about 300 branches. Over 64 lakh customers are associated with them. There are about 6 thousand people working in these banks.
The state government has dissolved the boards of these District Cooperative Banks and appointed administrators to oversee their activities.
Marathe said the move by the CPM led LDF aims to destroy rural credit delivery system in Kerala. Marathe says as RBI/NABARD are oblivious to the political consequences of what is being contemplated by the left government, they seem to be lending their support to the move. He called upon all cooperators to oppose this anti-cooperative move launched by the communist government.
Its true .Cooperative movement is backbone of Indian economy.It must survieve.we all indian cooperators should take this anti coperative action of Kerla Govt to Central Govt.
Adv Kulkarni. Jayant G
Hsg Cell Sahakar Bharati.