She also blamed a 'disastrous' slowdown in fund allocation which meant that 'the money hasn't even begun to get into the hands of people who need it so badly'.

The panchayath has a very good track record on development using the fund allocation from local governments.

He said problems had included delays to funding allocations, insufficient resources and a failure to guarantee support for employers.

Members pay a monthly fee which covers all of the co-op's costs including mortgage payments, taxes, operating costs and building replacement reserve fund allocations.