Karimnagar DCCB sanctions loans at outreach programmes in Sircilla textile town

K M Dayashankar


RAJANNA-SIRCILLA: The mega customer outreach programme organised by the Karimnagar District Cooperative Central Bank (DCCB) sanctioned loans amounting to Rs 24 crore to several hundreds of beneficiaries at a special credit outreach programme organised in Sircilla textile town for the benefit of Rajanna-Sircilla customers on Friday.

DCCB CEO N Satyanarayana Rao, additional Collector B Satya Prasad, LDM Ranga Reddy, DCCB general manager B Sridhar, branch managers’ L Rajashekhar, Praveen Rao, Srinivas Reddy, Pawan, Sampoorna, Sirisha, Damodar, Jyotsana and others were also present.

On this occasion, the Karimnagar DCCB had distributed Rs 11.2 crore to the women SHG members, Rs 3 crore for housing constructions, Rs 6 crore for land development, Rs 4 crore under PMEGP programmes and other schemes.

Speaking on the occasion, CEO N Satyanarayana Rao said that the bank had won accolades for swift processing of all loans without any processing charges. Stating that the bank was celebrating its centenary celebrations from November 14 to 20 on a grand scale, he said that they had announced ‘Shatabdhi deposit’ scheme providing 7 per cent interest for the depositors and appealed to the customers to utilise the opportunity, which was the highest interest rate when compared to any bank in the country.

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