Addressing the 10th AGM of Udham Singh Nagar District Cooperative Bank in Uttarakhand at Rudrapur last week as the chief guest, the state cooperative minister Dhan Singh Rawat said the state govt is initiating several steps to promote the welfare of farmers in the state.
Some of the schemes are laser focused on making farmers self-reliant, the minister said.
The bank’s chairman Narendra Manas revealed during the AGM that the bank has earned a net profit of Rs 7.07 crore during the 2017-18 financial year. The bank has disbursed loans of Rs. 526 crore this year, he informed.
It is to be noted that in the last financial year the bank had not held its AGM but it has decided to organize it before the end of the current financial year.
One of the delegates Lekhraj Tenaja from Gardarpur demanded a hike in the dividend.
Manas said, all the branches of the bank are linked with CBS. The bank is also providing ATM, RTGS, NEFT, Micro ATM to its customers. The bank has recently inaugurated a Mobile ATM Van as well.
The bank has a network of 33 branches providing services scores of Multi-Purpose Private Agriculture Cooperative Societies.
Besides, the bank’s own fund rose from Rs 185 crore to Rs 196 crore in the 2017-18 fiscal.
Apart from Uttarakhand State Cooperative Bank Chairman Dan Singh Rawat, Mayor Rampal Singh, General Manager M S Bhandari and others attended the AGM.
Readers would recall that recently Uttarakhand Cooperative Minister Dhan Singh Rawat announced one time settlement scheme for the recovery of bad loans. The scheme is mainly aimed at benefiting those farmers who are associated with District Central Cooperative Banks.
Besides, Rawat has come in for criticism for removing BJP cooperators from top positions in cooperative bodies in a pre-planned manner. Talking to Indian cooperative, several cooperators especially those associated with Dugdh Utpadak Sahakari Sangh have expressed their annoyance at his unnecessary interference in the affairs of cooperative institutions.
