MPs belonging to Shiv Sena called on Prime Minister Narendra Modi and urged him that co-operative banks, district central co-operative banks (DCCBs) and credit co-operative societies be allowed to exchange the demonetised notes, reports PTI.
Thirteen Sena MPs met Modi in the national capital and submitted a memorandum to him stating that the decision to bar co-operative banks, DCCBs from exchanging and accepting demonetised notes has put rural populace and farmers in a tight spot.
They have also been barred from taking old currency as deposits or payment against existing loans,” the memorandum said.
This directive has brought to a grinding halt the daily activities of farmers and rural citizens, who have deposited all their earnings in these co-operative financial institutions, they argued.
This is recognition of the fact that Financial Services in cooperative sector has not gained adesired credibility and integrity thanks to cottup Directors. Now that Black Money and Corruption is being rejected by Modified India, cooperatives sector should wake up.