Despite the challenges faced in 2023, the State’s cooperative sector has succeeded in guaranteeing financial security to depositors, Minister for Cooperation V. N. Vasavan said here on Wednesday.
The Minister was inaugurating a month-long 44th deposit mobilisation drive which has a combined target of ₹9,000 crore for primary cooperative societies and Kerala Bank. Mr. Vasavan called for a joint effort to ensure that the drive provides a major boost for the sector.
Primary cooperative banks have a target of ₹7,250 crore, Kerala Bank ₹1,750 crore and Kerala State Co-operative Agricultural and Rural Development Bank (KSCARD) ₹150 crore.
