1219.57 cr for Co-op banks revival: Modi

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Visnagar, Gujarat, Oct 9: In a bid to woo voters ahead of the forthcoming Assembly polls in Gujarat, Chief Minister Narendra Modi today declared that the government has come out with a revival package of Rs 1,219.57 crore for closed co-operative banks in Gujarat.

Addressing a largely attended public function organised to distribute cheques of refund to depositors of bankrupt Sarvodaya Nagarik Co-operative Bank (SNCB) here, Mr Modi said the revival package would ultimately set free millions of farmers from the debts that they had taken from these banks.

The Rs 1,219.57 crore co-operative bank revival package would benefit 18 district-level co-operative banks and 7,768 primary co-operative farm-mandalis, he said.

On the occasion, Mr Modi distributed refund cheques worth Rs 15.95 crore to 26,082 depositors, who had deposited their hard earned money in the SNCB.

He also gave away cheques worth Rs 6.67 crore to 4,495 women depositors of Adarsh Mahila Co-operative Bank of Mahesana town.

Speaking on the occasion, state Agriculture Minister Bhupendrasinh Chudasma said under the Modi regime, Gujarat has made a giant stride of all-round development and won as many as 60 national and international awards for outstanding performance of the state government in the last five years.


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