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Amachavadi PACC Bank head appeals farmers for judicious use of loan

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Chamarajanagar: President of Amachavadi Primary Agriculture Credit Cooperative Bank A N Satish has appealed to the farmers to make judicious use of interest free loans to achieve progress in their lives.

Addressing the annual general body meeting at bank premises on September 26, Satish has said ” the bank is suffering a loss to the tune of Rs 35 lakh as those who have taken various loans have failed to make a repayment. The loanees have to settle their arrears as the bank is looking forward to make some gains through the distribution of ration under public distribution system”.

Bank’s supervisor Sandeep said ” the farm loan of the farmers has been waived and those who have taken the benefit of loan waiver will also be given loan. New members will also be given loan from December”.

Bank’s CEO Satish S Joshi said ” the bank has started the distribution of essential commodities under PDS and all the farmers should avail the benefit”.

Bank’s directors Shivaswamy, Shivashankar, Shivakumar, Chennamallaiah and Manigoundar, staff Nagaraj, Ravikumar and Nagesh were present at the meeting.

– Team Mysoorunews

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