Kerala's Cooperative Resilience: A Beacon in India's Economic Landscape

Kerala Chief Minister Pinarayi Vijayan promises that no investor will lose money in the state's cooperative sector, which boasts Rs 2 lakh crore in investments. He addressed corruption allegations, emphasizing the sector's strength and significant contributions. A campaign against the cooperative's reputation is underway, says Vijayan.

Kerala Chief Minister Pinarayi Vijayan reassured investors on Thursday, stating that the state's cooperative sector is secure and robust, with total investments reaching Rs 2 lakh crore. He made the claim during the Co-operative Week celebrations, asserting that only Kerala can make such a claim in the country.

Vijayan pledged that no depositor would lose their investment in the cooperative sector, highlighting the absence of such incidents. He addressed recent corruption allegations, committing to thoroughly investigate any irregularities. The sector's negative reputation, he argued, has been unjustly constructed by certain individuals and institutions.

The Chief Minister alleged an ongoing campaign to damage the sector's image, aiming to weaken its economic power. He praised the diverse contributions from the credit, consumer, dairy, industrial, and hospital segments, emphasizing their role in Kerala's growth.

(With inputs from agencies.)