July 19, 2024


Truth Triumphs

Be the cooperatives, not capitalists: CM to DCC Bank

Kalaburagi. Jan 4.
Those in the cooperative institutions should strive for the welfare of farmers by functioning as cooperatives. They should function with efficiency and transparency. They should not try to become capitalists, Chief Minister Basavaraj Bommai suggested.

Participating in a function organised by Kalaburagi and Yadagiri District Cooperative Central Bank he said, “my government will extend full cooperation for the growth of the cooperative sector. Cooperative sector should enter all the domains.”

“Cooperative sector has become an integral part of people’s life in Gujarat and Maharashtra. It should happen in our state too. The kind of loans and other facilities offered by cooperative banks to common man is not available3 in scheduled banks. It is an entirely special sector. Prime Minister Modi has made Home Minister Amit Shah the Cooperative minister at the centre with an objective to see the cooperative sector growing in all the domains. Cooperative sector would see a revolution in the country soon,” Bommai said.

Lauding the performance of DCC Bank, Bommai said, it has shown wonderful dynamism. In the last one year it has disbursed loans to 1.26 lakh farmers with a total amount of Rs500cr. It is commendable that the bank intends to disburse another Rs500cr to 1 lakh more farmers by the end of March.

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