thiruvananthapuram a day after the state had sought the central governments nod to distribute valid currency notes through cooperative banks in kerala minister for cooperation a c moideen on friday said there was an organized move to sabotage the states cooperative sectorat a function organized in pathanamthitta moideen said the allegation that there was huge amount of black money stashed in cooperative banks was aimed at sabotaging the functioning of the banks so that the new generation banks could fill the void and exploit the public he requested the public to be cautious about such moves by some groups with vested interestsin a letter to the union finance minister arun jaitley and rbi governor urjit patel moideen had explained that the noninclusion of the primary and district cooperative banks in the list of institutions empowered to distribute valid currency notes has led to a total standstill in the cooperation sector in the statethere are 1551 primary agriculture credit cooperative units that perform business on a daytoday basis with the district cooperative banks of the state in addition there are another 10000 cooperative units that are functioning with the support of aid from the district cooperative banks the minister said in his letter the exclusion of district cooperative banks from the list of financial institutions has resulted in derailing the normal functioning of all these units that are depended by a majority of ordinary citizens in the state the minister added that the state cooperative bank and the 14 district cooperative banks are functioning with the permission from and adhering to the norms of the rbi and are subjected to strict monitoring of nabard