Thiruvananthapuram 06-02-2012: Loan of Rs 25 crore will be taken from co-operative banks and made available for Rubbermark, said CM. He was speaking at a meeting convened to discuss the financial crisis the Rubbermark is facing.

CM said that the loan should be made available in easy installment ways and added that it is impractical to write off the interest of the loans. The National Cooperative Development Corporation will give financial aid if the present debt is cleared, said CM.   

Ministers C N Balakrishnan, representatives of Rubbermark and cooperatives banks were part of the meeting.