Karimnagar DCCB disburses Rs 5.1 crore loans during credit outreach programme

K M Dayashankar


DCCB is celebrating its centenary celebrations (1922-2021) from November 14 to 20

Announces Shatabhi deposit scheme with 7 per cent interest rate


KARIMNAGAR: The Karimnagar District Cooperative Central Bank (DCCB), which is celebrating its centenary celebrations, has distributed Rs 5.10 crore loans to various beneficiaries as part of the government credit outreach programme organised in Karimnagar town on Monday.

Additional Collector Garima Agarwal along with District Rural Development officer Srilatha, Lead district manager Laxman, Karimnagar DCCB CEO N Satyanarayana, general manager Md Raizudddin and others participated in the programme. On this occasion, the KDCCB had handed over financial assistance of Rs 2.32 crore to 26 women SHGs, term loans to seven beneficiaries worth Rs 1.39 crore, PMEGP loans to six beneficiaries Rs 67.45 lakhs, home loans to five beneficiaries worth Rs 69 lakhs.

Speaking on the occasion, DCCB CEO N Satyanarayana Rao said that they had announced a new scheme called ‘Shatabhi deposit’ scheme with highest interest rate of seven percent to encourage deposits in the bank as part of the centenary celebrations. The Karimnagar DCCB alone was providing highest interests for the deposits, he stated and called upon the customers to utilise the opportunity which would be made available from Novemberf 1 to December 31, 2021.

Similarly, the bank had also car loans and farm mechanisation loans to the crop loan members without further security as part of the celebrations, he stated. Branch managers K Sunil, G Hanumantha Rao, P Lavanya, Sravanthi, G Shyamsunder Reddy, Abhilash, Naveena, Sanjeetha, Gauthami, Sujatha, Srilatha, Anitha and AGM Mahesh and others were also present.

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