Constitution of a ‘Committee on comprehensive financial services for small businesses and low-income households’ has triggered a fresh controversy in the cooperative sector. The Reserve Bank announced on September 23 the setting up of the committee under the chairmanship of Nachiket Mor, member on the central board of directors. Representatives of new generation banks and corporates dominate the committee, cooperative activists told Business Line here, requesting anonymity. The cooperatives sector, which has pioneered the financial inclusion drive in the country for more than a century, feels let down after failing to find representation on the committee..........
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