Kerala clears cooperative society's plan to launch flight services: CM assures deposit protection

Kozhikode, Oct 26 (UNI) The Kerala Government has granted permission to the Kerala Civil Aviation Development Cooperative Society to launch flight services. Assuring protection for deposits in the cooperative sector, Chief Minister V.D. Satheesan has said the government would provide a guarantee to depositors, who deserved the same sense of security as those investing in nationalised and scheduled banks. Inaugurating the silver jubilee celebrations of the Calicut City Service Cooperative Society, Satheesan said cooperative institutions played a vital role in strengthening both rural and urban economies. Their growing involvement in diverse development activities reflected the expanding role of the cooperative…