Karnataka - Shimoga   

Eightfold rise in profit

By Our Special Correspondent

SHIMOGA, JUNE 23. Siri Souharda Credit Cooperative Ltd., which recorded transactions amounting to Rs. 8 crore during 2003-04, has increased its profit eightfold over the previous year.

Stating this at a press conference here on Wednesday, V.R. Hegde, president of the cooperative, said the institution had been extending financial assistance through its branches at Shimoga, Sagar and Nagar in Shimoga district since it came into being 19 months ago.

He said the cooperative had obtained the Government's permission to open branches in other parts of the State.

Dr. Hegde said the cooperative had enrolled 5,000 members and extended financial assistance to about 2,000 families under various schemes.

He said the net profit of the cooperative stood at Rs. 3.5 lakh for 2003-04.

Printer friendly page  
Send this article to Friends by E-Mail

Karnataka

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Action sought against eight ZP members for joining BJP
• Counselling on for admission to polytechnics
• Eightfold rise in profit
• Panel's ruling on seat sharing welcomed
• `Chintan Shibir' on June 26, 27

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu