Kerala CM for more fair value outlets in the state

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Thiruvananthapuram, Sep 22 (UNI) Kerala Chief Minister V S Achuthanandan today stressed the need for opening more fair value outlets in the state and take more measures to help the co-operative societies running in loss.

Speaking after inaugurating a bumper lottery, sponsored by the Cooperative Department, he claimed that the fair value shops, orgaised by the co-operative department during the Onam-Ramzan festivals had succeeded in checking the steep price hike considerably in the open market.

Mr Achuthanandan said the cooperative departments had succeeded in giving some relaxation against the privatisation as part of the globalisation policy of the Centre.

Cooperative Minister G Sudhakaran, who presided over the function said more funds should be allocated in the budget for the cooperative sector.

In the Rs 7,000 crore budget presented by the government, the cooperative sector received only Rs 120 core, he claimed.

Mr Sudhakaran said the cooperative sector, which had a deposit of Rs 40,000 crore, distributed 90 per cent of it as loans.

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