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District cooperative bank to have new building

Staff Correspondent

HASSAN: The State Government has permitted the Hassan District Central Cooperative Bank to construct a new building for its head office at a cost of Rs. 4 crore, president of the bank Patel Shivaram said here on Wednesday.

Addressing presspersons, he said the bank, had financed Rs. 105 crore to farmers as against the target of Rs. 121 crore for this financial year. The target would be achieved by March-end, he added.

Besides, as per the direction of the National Bank for Agriculture and Rural Development

(NABARD), the bank had financed Rs. 45 crore to the non-agriculture sector, he said. All the farmers who had availed themselves of crop loans were provided with free accident insurance and kisan cards and were covered under the Yeshaswini scheme, he said.

The bank had started 10,435 self-help groups besides forming 54 farmers' clubs. NABARD had released Rs. 52 crore assistance to the bank this year, he said.

Mr. Shivaram said the bank had sent proposals to the Government to start four new branches — Hemavathi Nagar and KHB Colony in Hassan, Kembale in Channarayapatna taluk and Kenkere in Arsikere taluk.

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