Maharashtra-based Sangli District Central Cooperative Bank sanctioned a loan worth Rs 1100 crore which includes Rs 900 crore for sugar mills, Rs 80 crore for spinning mills, and others.
The board meeting was held on Monday under the Chairmanship of MLA Mansingrao Naik.
It bears recall that the loan disbursement had been delayed due to the bank elections. A committee has been appointed to provide loans to the district bank.