Karuvannur: Investors need not worry; All safe: Minister VN Vasavan

Thiruvananthapuram> Minister VN Vasavan mentioned that Rs 64,313 of the funding cash given to the household of Philomena, who died of an sickness in Karuvannur, was deposited in Devasi’s financial savings account in Karuvannur Financial institution. It was determined to return the deposits to the household final day. As we speak Minister R Bindu got here in individual and handed over the quantity. Buyers of Karuvannur Cooperative Financial institution needn’t fear. Their investments are secure – Minister Vasavan mentioned

35 crores have been earmarked for returning deposits. Rs 25 crore from Kerala Financial institution and Rs 10 crore from Cooperative Improvement Welfare Fund Board will probably be made out there for this. 25 crores will probably be sanctioned by Kerala Financial institution towards the belongings of Karuvannur Co-operative Financial institution.

The collateral for Kerala Financial institution is the gold held by the financial institution and different non-liable immovable property. So traders needn’t fear. The minister additionally mentioned that their funding will get every kind of safety

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