Last week, Finance Minister Nirmala Sitharaman announced the central government’s monetization policy, which has sparked controversy among opposition parties and economists. Many state assets owned by the government will be sold out to private business entities under this policy, and a huge amount of money is expected to be raised by the government.

Recently, the union government of India introduced the Ministry of Cooperation and decided to refer all matters to the minister of Internal affairs Amit Shah. Prior to the last cabinet reshuffling, all joint work of this introduced ministry was in the hands of the Ministry of Agriculture and Farmer Welfare. Kerala’s minister of cooperation said it was an infringement of the federal rights of the states and an intrusion to the authority of the state government.

The new ministry of cooperation launched its intervention by listing activities of proposals, which includes the introduction of “Hindu banks” throughout the country. To say the launching of such banks in Kerala is a death bell for the cooperative movement, which has been a great initiative in Kerala for decades, is because of the conspiracy of the ministry with saffron politics. The Sangh Parivar’s brain is trying to rewrite all achievements of the social goals of the cooperative movement into their own name. Replacing them with Hindutva’s full corporate benefits is not a fresh experience in recent government actions.

The Modi government was planning to amend the banking law, and behind-the-scenes discussions about corporate intrusion into financial institutions of the public sector are not new. There is no room here for questions about the relationship between the Ministry of Cooperation and the Ministry of Internal affairs. All we know is that this alternative reshuffle has something behind it.

The Hindu banking plans are said to be aimed to help the Hindu community by collecting money from themselves. Hundreds of companies are registered under this special program. In Kerala, it looks like a continuation of the Hindu Economic Forum, which has been operating here for many years.

To understand the reforms of Amit Shah in the areas of cooperation, it is enough to just have a look at the interventions he has made in Gujarat. The famous Amul company became a target of them, and its founder Verghese Kurian, whom the Sangh Parivar had been targeted since the time of Golwalker,
left his work through major intermediation done by Amit Shah from Gujarat.

All Hindu banks start out by pooling the capital of Hindu middlemen and wealthy believers. An agenda for socializing and linking the cooperative camps and establishing control over the victory of the Kerala cooperatives through religious banks must be recognized. The cooperative movement in Kerala is well organized and serves as an example to the world and is governed by coalitions of political parties. This is a huge base that is involved in all rural production, services and money systems. It plays an important role in the life and trade of Keralites.

Sangh’s attempts to intervene in this sector were expected, and these Hindu banks should have laid the foundation for them. All secular and democratic believers should regard this as only such an endeavor