On the eve of assembly polls, the Congress-NCP govt in Maharashtra has decided to give money to district cooperative banks and primary agriculture credit societies to tide them over their present financial difficulty.
According to minister of cooperation Harshvardhan Patil, the total amount the govt would offer is Rs 231 crore. The minister said district coop banks would get Rs. 136 crore while agriculture credit societies would get Rs. 96 crore.
Nearly 3 million farmers get loans worth Rs 40 crore from the latter, the minister added. A large number of DCBs have not been doing well financially and this has been worrisome for the authorities. Experts are not willing to give DCBs and agriculture credit societies a clean bill of health.
There are 21,382 primary agriculture credit societies and 31 district cooperative banks in Maharashtra. Sources say the pre-poll generous gesture shown by the govt towards cooperative credit organizations is aimed at shoring up the ruling parties’ plummeting popularity among the people.
For not inflicting upon these money launderers ( Who are doling out people’s moneys to banks)an exemplary punishment, it looks like this country is waiting for lacs of these loan beneficiaries to commit suicide for not able to return the loans when the government of the day declines to wave their dues off. People who are witnessing such events are equally guilty of destroying the character of this country. How on earth a cooperative (a proven successful form of business) stoops to such level unless politicians help them. What a fall out of an avoidable interference by the Politicians. If DCBS are not doing well why authorities are worried? Because the sources of election funds are dying?