Hitting out at the Congress, CM Narendra Modi on Wednesday said the decision to nationalise banks was an indirect attack on cooperative banks in India.
Taking a dig at former PM Indira Gandhi, who nationalised 14 major banks in India in 1969, Modi said the move harmed the cooperative banking sector. He was speaking at the inaugural function of Gujarat State Cooperative Bank’s newly-constructed Sardar Patel Sahkar Bhavan.“We cannot trust nationalised banks,” he said, adding that it takes 15 days to get an appointment, while in cooperative banks the officials readily welcome customers. CM also lamented the fact that the concept of cooperative could not emerge as a powerful movement. “When the world was divided between capitalism and socialism, cooperative model could have been established globally,” said Modi.
Modi asked people to make cooperative banking competitive by forming a taskforce of financial experts and professions. He also encouraged online banking transactions to put a curb on black money. Vice-president of Gujarat State Cooperative (GSC) Bank, Shankar Chaudhary, appealed to the people to rise above party politics and make Modi PM of the country. “We still regret that Sardar Patel could not become the prime minister. However, we have another chance of making the son of soil the prime minister of India and we must not waste this opportunity,” he said.
Ajay Patel, chairman of GSC Bank, said a hostel has been built for farmers at its new building is in Naranpura. “We will provide lodging and boarding facility to farmers from any part of the country at concessional rates,” he said.
He also said the state government had provided Rs239 crore interest subsidy to the farmers in Gujarat since 2009.