MDMK chief Vaiko urges govt to lift restrictions on cooperative banks

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Those who had taken farm loan and other loans have been hit by the restrictions imposed on financial transactions by the RBI on the cooperative sector banks, he said.

Cooperative bank employees have staged protests and farmers were also picketing the cooperative banks, he said. “Government should intervene immediately,in view of the urgency,and lift the restrictions on transactions by the cooperative banks,” he added.

Meanwhile, farmers staged a road roko in front of the Nagapattinam Collector’s office seeking relief to the families of the farmers who had reportedly died or committed suicide due to loss of crop.

They staged the protest as officials allegedly refused to accept their memorandum seeking relief.