The Central Cooperative Bank of the Belagavi district has achieved significant success in the last year, their carriers of the office in Beagavi said Thursday.
The Bank president, Appasaheb Kulgude, said he achieved a net gain of ₹ 33.11 million rupees and obtained a share capital of ₹ 303 million rupees in the last year. Last year’s profit was ₹ 30.57 million rupees.
“He has raised deposits of ₹ 6,087 million rupees and investments of up to ₹ 2,276 million rupees. He has granted external loans of ₹ 1,664 loans and loans for members of ₹ 5,893 million rupees. He has achieved a net gain of 33.11 crore and has a working capital of 8,593 Crore. 2.07%of ₹.
Okay for him, the bank was making constant progress year after year. He won the confidence of farmers and clients when obtaining high profits.
MLA and director Balacandra Jarkiholi said that new schemes would be implemented to benefit farmers and new technological tools for facilitation would be used. “We have granted a lot of loans and recover them in time. There are no fees from any factory or institution. Individual loans are followed by the bee,” he said.
The bank completed its centenary a few years ago. But it was not celebrated due to the Covid block. We have decided to celebrate a ceremony in the presence of central and state leaders at the next end of May or the first week of June, MLA said. “Efforts will be made to increase bank’s profits by increasing the deposit. All district branches will be provided with variable facilities, including furniture, lime uniforms and other materials,” he said.
The banking director and former deputy Annasheb Jolle said BDCC Bank had the distinction of granting the highest loan to state farmers. According to the current scheme, an objective of ₹ 3,175 million rupees was administered to disburse short -term crops. But our bank has disbursed ₹ 3,475.66 million rupees to 4.88,379 members of district farmers, achieving 109.47 percent, exceeding the target. Last year, ₹ 3,060.42 million rupees were distributed to 4,68,775 members of farmers. This year, 19,604 new members have received loans. ₹ 415.24 million rupees has received more crops loans, he said.
Jolle said Nabard’s refinancing funds were constantly falling. Our bank was eligible for ₹ 1,270 million rupees under the Nabard Punar Dhan loan scheme, but last year it only obtains ₹ 774 million rupees. In the current financial year, we obtained ₹ 313 million rupees less than that, he said.
However, despite this restriction, we have issued loans or ₹ 415.24 million rupees to farmers. The recovery rate of these loans is 99.22%. BDCC is the bank that has granted the loan loans of the state’s highest, Jolle said.
“To benefit district farmers, loans of up to ₹ 15 Lakh are granted at an interest rate of 3% for the purchase of tractors, trailers, agricultural equipment, irrigation pipes and pump sets. More than ₹ 161.48 million 609 Farmers for dairy agriculture are 99.78%,” he said.
Due to the trust placed by farmers, cooperatives and clients at the bank, this year the deposit of ₹ 6,087 million rupees has been collected, which has increased by ₹ 290 million rupees this year. Compared to last year, working capital has increased by 8.84%.
The bank has disbursed a total of ₹ 1,486.96 million rupees to eight sugar cooperatives and 15 private sugar factories, of which the working capital loan is ₹ 877.15 million rupees, and the term loan is ₹ 608.91 million rupees. However, due to the reduction of sugarcane crushing, it was difficult to recover a total of around ₹ 360 million rupees in adults and interest payments that occurred this year.
The mobile banking service has begun for customer comfort. He said that online banking services such as IMPS, UPI, Google Pay, Pay Pay, etc. They will start soon.
Permission has been obeyed to start nine new branches in the district. They will come in Badal Ankalagi, Hudali, Belagundi, Naganur or Boilahongal Taluk, Ambadagatti Kalabambi or Kitur Taluk, Nasalapur, Japanal or Raybag Taluk, Kakkeri or Khanapur Taluk.
The director and former MLA MAHANTEH DODAGOURDA said that a total loan or ₹ 35 million rupees has been awarded to 1850 women SHG of women this year. They obtain loans with zero interests up to ₹ 5 five Lakh per group.
Published – April 19, 2025 12:46 am isth