Kerala to launch campaign in support of cooperative banks

Kerala to launch campaign in support of cooperative banks

IANSUpdated: Thursday, May 30, 2019, 10:43 AM IST
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Kochi : Kerala Chief Minister Pinarayi Vijayan said that the government will launch a massive door-to-door campaign on December 18 to tell people the manner in which vested interests are out to destroy the state’s hugely-successful cooperative banking sector. Vijayan was speaking at a state-level convention here in which top political leaders, barring those of the Bharatiya Janata Party, took part.  “We have been time and again saying that there is nothing to hide for the cooperative sector, contrary to what some vested interests have been bad mouthing against this sector. We again say that we are open to any sort of probe by the IT and enforcement department in the way these cooperative banks are functioning,” said Vijayan.

State Cooperative Minister Kadakampally Surendran told IANS that on December 18, two lakh employees and members of the cooperative movement along with politicians will reach 64 lakh homes in the state to explain the reason why this situation has happened.

“The rural economy of Kerala is in the hands of the cooperative sector and this is what has been attacked by the Centre,” he said.

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