Centre trying to destroy India’s century-old cooperative sector, says Kerala CM Pinarayi Vijayan

“The Supreme Court has ruled that the states have the authority over the cooperative sector. This is a major setback to the Union government’s policy. We have also overcome the efforts to destroy our cooperative sector through demonetisation,” Vijayan said.

Vijayan said efforts were made to destroy the constitutional institutions of the country and the Union government was making use of such institutions to attack the cooperative sector.

Federal laws violated

“They (Centre) are trying to intervene in the cooperative sector by issuing new orders. While ours is a federal country, there are many interventions violating our federal laws. All these interventions are adversely affecting the cooperative sector,” Vijayan said.

The Chief Minister said the country was going through the highest price hike in the last three decades but Kerala managed to remain a state with low inflation due to the “multi-faceted” intervention of the cooperative sector along with the Left government.

“We have also survived demonetisation which sought to paralyse our cooperative sector and financial institutions. They had also alleged that our cooperative societies were the depository of black money,” Vijayan said.

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