The Hindu Business Line : TN co-op banks staff to strike work tomorrow

Employees working in the 23 District Central Co-Operative Banks, the State Co-Operative Agriculture and Rural Development Bank, 180 Primary Agriculture and Rural Development Banks have decided to strike work on October 24.

The strike call given by the Tamil Nadu Co-Operative Bank Employees’ Association (TNCBEA) is to reiterate their demand to the State Government, which among others include restoration of the health of the Agriculture and Rural Development Banks, specialised institutions for farm improvement, infusion of funds to the ARD banks which face threat of collapse, aggressive recruitment to fill vacancies, wage revision etc. The TNCBEA has threatened to intensify the agitation if the issues remain unresolved.

Expressing concern over the deteriorating condition of the ARDBs in the State, the TNCBEA General Secretary, Mr P. Balakrishnan, said no measures had been taken by the State Government in the last 4 years to infuse necessary funds either from its own resources or by getting refinance from NABARD to restore the health of the ARDBs. (The ARDBs provide infrastructure advances for agricultural lands’ improvement.)

“The ARDBs are on the verge of collapse,” he said and pointed out that the farm dues of Tamil Nadu Co-operative State Agriculture and Rural Development Bank and Primary Agriculture and Rural Development Banks amounting to Rs 1,301 crore (in May 2006) were waived.

According to him, these banks were entitled to get more than Rs 800 crore (representing waived amount), but due to the non-release of such sum from the Government, they were unable to carry on their business.

The District Central Co-operative Banks (DCCBs) in the State are no better, tiding with acute shortage in the staff strength, Mr Balakrishnan said, adding that the work-force in the DCCBs had slipped to 5,000 from 12,000 some years ago. “The business volume though has increased,” he added.

More Stories on : Trade & Labour Unions | Co-operatives | Tamil Nadu

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