Latest news with #TelanganaStateCooperativeApexBank
Hans India
7 days ago
- Business
- Hans India
Joint district DCCBs on path to Rs2,296-cr profits
Hanumakonda: The district central cooperative banks (DCCBs) in the erstwhile Warangal district are progressing on a path of achieving profits exceeding Rs2,296 crore For the financial year 2024–25, stated Panchayati Raj and Rural Development Minister Dansari Anasuya and Telangana State Cooperative Apex Bank (TSCAB) chairman Marneni Ravinder Rao on Tuesday. They inaugurated the new branch premises of the DCCB in Mulugu and Eturunagaram mandal centres. They expressed happiness about moving into the new building in Mulugu district centre to provide better services to farmers and account holders; ever since establishment of DCCB they have been guiding the banks toward profitable growth. Seethakka and Rao stated that customers and farmers in Mulugu municipality and surrounding areas like Eturunagaram were being provided with agricultural loans, Rythu Mithra/gold/education loans. They affirmed that efforts were on to enhance banking services in the coming days.
Hans India
16-07-2025
- Business
- Hans India
Minister urges banks to boost lending for farm sector
Hyderabad: Telangana's Agriculture Minister Tummala Nageswara Rao has assured that farmers will repay their loans under any circumstances, urging banks to extend necessary credit facilities to the farming community. Participating in NABARD's 44th Foundation Day celebrations, the Minister requested banks to lend where they foresee development, whether in agriculture or any allied activity. He also appealed for the provision of infrastructure to Agriculture and Horticulture Universities in Telangana. He recalled NABARD's crucial assistance in completing 30 medium irrigation projects that had been languishing due to a lack of budgetary allocation at the time. B Uday Bhaskar, Chief General Manager, NABARD, stated that this year's Foundation Day is particularly special as NABARD is celebrating a decade of transforming rural lives in Telangana. He noted that the institution has refinanced to the extent of Rs 9,673 Crore as refinance support for Self-Help Groups (SHGs). NABARD is also focusing on natural farming through its JIVA programme. M Ravindar Rao, President, Telangana State Cooperative Apex Bank (TGCAB), mentioned that many programmes are being undertaken in the Cooperative Sector in the State with NABARD's assistance. He specifically highlighted assistance of Rs 200 Crore for strengthening Primary Agricultural Credit Societies (PACS), enabling them to undertake construction of godowns, petrol pumps, and other facilities. Surendra Mohan, IAS, Registrar of Cooperative Societies, affirmed that the state government gives top priority to rural development and the advancement of women and farmers.
