Rendered cash-strapped in the wake of demonetisation decision, 16,000 cooperative credit societies in Maharashtra that mainly serve farmers have decided to observe a token strike on December 1. Rendered cash-strapped in the wake of demonetisation decision, 16,000 cooperative credit societies in Maharashtra that mainly serve farmers have decided to observe a token strike on December 1. Rendered cash-strapped in the wake of demonetisation decision, 16,000 cooperative credit societies in Maharashtra that mainly serve farmers have decided to observe a token strike on December 1. “Credit societies are not getting new currency notes from the DCCBs (District Credit Cooperative Banks) or public sector banks. Hence, we cannot disburse cash to farmers in the form of their sanctioned loans,” said Vasant Shinde, Executive Chairman of Maharashtra State Federation Credit Cooperative Societies.

Source: Indian Express November 25, 2016 00:22 UTC