Maharashtra DCCB team lauds Karimnagar DCCB for emerging role model in implementation of PMEGP and Mudra loans

K M Dayashankar


Satara DCCB to follow the methods adopted by Karimnagar DCCB for diversification of PACS into Multi-service centres

Appreciate KDCCB for saving power bills by tapping solar energy


KARIMNAGAR:  Officials of the Satara District Central Cooperative Bank (SDCCB) was all praise for the Karimnagar District Cooperative Central Bank for emerging number one in the country in the implementation of the Prime Minister’s Employment Generation Programme (PMEGP) and Pradhan Manthri Mudra Yojana (PMMY) and tapping renewable energy sources by installing solar power plants at its bank branches and PACS.

The Satara DCCB team from Maharastra state was on a three-day exposure visit to Karimnagar DCCB and PACS in the integrated Karimnagar district from Monday (July 18) onwards. The team was led by Deputy Manager (agri loans) Bhanudas Bandare, OS (agri loans) Kiran Jadhav, Divisional development officers Gorakh Salunkhe and Ajit Nimbalkar, PACS director Vishnu Pimpale and PACS secretaries.

The Satara cooperative team visited the Karimnagar administrative block and inspected various sections such as loans, recovery, IT and also main branch. Later, the Karimnagar DCCB CEO N Satyanarayana Rao and PACS development centre (PDC) resource person G Satyanarayana explained about the steady progress of the KDCCB which made strides under the leadership of its chairman Konduru Ravinder Rao with good governance and providing services to customers on par with any commercial bank. They also explained about the diversification of the bank and PACS activities on par with commercial bank.

On this occasion, SDDB Deputy Manager Bandare appreciated the KDCCB for providing loans for the self-employment of unemployed youth under the PMEGP and PMMY (Mudra loans), which was not implemented in their state. He also appreciated the KDCCB officials for reducing their power bills by taking up roof-top solar power plants and encouraging renewable energy sources by providing loans to the farmers to set up solar motor pumps also.

Lauding the diversification of the PACS into multi-service centres in Karimnagar district, he said that the Satara DCCB was having around 930 PACS and its conversion into MSCs was not going on expected lines. The Satara DCCB officials and PACS secretaries had visited the Karimnagar to study the conversion of PACS into MSC, he said and added that they would take measures to convert 50 per cent of PACS into MSC by taking up diversified business activities as done in KDCCB.

With regard to the performance of the SDCCB, he said that they were doing business ranging from Rs 14,000 crore to Rs 15,000 crore, he said that they would allocate 60 per cent of profits to the farmers by providing rebate on interest rates. He said that they would also give priority for the employees’ welfare by announcing good bonus and recently they had allocated apartments in posh locality of Satara town at 50 per cent subsidy against the market rate.

He said that they had also launched mobile banking along with mobile ATM at the weekly shandies and melas for opening bank accounts and taking up other banking transactions. The Satara cooperative team would visit PACS in Choppadandi, Sultanabad, Pothgal, Gambhiraopet and other mandals during their two-day visit.


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