Excelsior Correspondent
JAMMU, Jan 28: National coordinator AICC Vichar Vibhag and former Legislator, Ashok Sharma (ex-MLA) while seeking personal intervention of the State Governor SP Malik to save the Cooperative movement in J&K, said that village farmers/cooperative societies are the backbone of the society and any effort to derail the achievements made, infrastructure created and branches established by the Jammu Citizens Cooperative Bank shall be detrimental to the interest of common man.
Sharma added that it took around 100 years to develop the Cooperative movement in the province, on the one hand, the Government has announced the revival package for Cooperative Banks to strengthen the Cooperative movement, but on the other hand the present Board of the Directors of the Jammu Central Cooperative Bank Ltd is trying to weaken the Cooperative movement by closing the branches of the bank.
He said the multipurpose cooperative societies of the bank are the share holders of the bank and the present Board of Directors of the bank is trying to close these societies. The Cooperative societies of the bank constitute the general body of the bank and without these cooperative societies the bank will lose its identity.
Sharma said that the license of the bank has been expired since 2012 the present Board of Directors of the bank should use the revival package announced by the Government of India judiciously by introducing the CBS and renewable of the license by RBI instead of losing the bank branches.
Follow our WhatsApp channel