Ker­ala coops to take up hous­ing project

Banking Frontiers - - News Cooperative -

Co­op­er­a­tive banks and credit so­ci­eties in Ker­ala have taken up a project, ‘Co­op­er­a­tive Al­liance to Re­build Ker­ala’ in the wake of mas­sive floods that led to de­struc­tion in the state. Some 1500 houses are pro­posed to be con­structed in the first phase of the project to be handed over to those who lost their houses. It is es­ti­mated that some 7000 homes have been com­pletely de­stroyed in the floods. The dis­trict ad­min­is­tra­tion and lo­cal self- govern­ment in­sti­tu­tions will over­see the con­struc­tion which would be un­der the su­per­vi­sion of the pri­mary co­op­er­a­tive so­ci­ety of the area. The con­struc­tion will be com­pleted in three months. The houses will be built us­ing a tech­nol­ogy suit­able to over­come nat­u­ral dis­as­ters with the tech­ni­cal sup­port of ex­perts in the field.

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