The Hindu : Andhra Pradesh News : The DCCB, Eluru

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Tuesday, Apr 15, 2008
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Andhra Pradesh

Andhra Pradesh

The DCCB, Eluru - a special focus

The District Cooperative Central Bank Ltd., Eluru was registered on 18-11-1918 and commenced its business from 30-11-1918. Single window credit delivery system was introduced in 1987 and 8 PADBs were merged with the DCCB. With 33 branches in the district, 258 PACS are affiliated to the bank with an average of 3 villages per PACS (state average is 12). About 4.68 lakhs people in the district are availing the services of bank and PACS (12.3% of the district population). Ther e are 670 Coop. societies affiliated to the bank.

Mission: - “To cater to the Agricultural and non-agricultural credit needs of the farmers of the district for sustainable development of rural economy and also to render banking services to the rural as well as urban community.”

The steady growth in deposits is observed guaranteed by the Deposit Insurance and Credit Guarantee Corporation, which are being utilised within the district only for Agricultural and Rural development. The investments held by the bank rose stand at Rs.126.64 crores by 2006 – 07.

For the current year, the bank advanced an amount of Rs. 21020.00 lakhs, out of which Rs. 1055.00 lakhs for new members towards Seasonal Agricultural Operations i.e. Crop loans. The bank also finances to minor irrigation, farm machinisation, horticulture, diversified loaning and social forestry under long term loans category.

The cash credits of 22 eligible weavers’ societies to a tune of Rs. 168.51 lakhs for the year 2007-08 has been renewed under revival package and it waived an over due of Rs. 68 lakhs from its own funds.

During the year 2006-07, the bank financed the employees’ societies to a tune of Rs. 631.78 lakhs, keeping the outstanding at the end of the year as Rs. Rs. 919.39 lakhs for the 159 coop societies affiliated to the bank.

Various type of loans are advanced under Non Farm Sector for economic growth of the community for small, tiny industries, transport vehicles, paddy harvesters, rice mills etc., business cash credits, Vidya Nidhi (education loan scheme), loans for two / four wheelers, loans for rural housing, house mortgage loans and Grameena Tatkal Loans.

Integrated Co-operative Development Project is being implemented with Rs. 27.21 crores for the construction of godowns, banking counters, furniture and fixtures and margin money in form of share capital.

Special features of DCCB, Eluru:

* The only DCCB notified by the Government of Andhra Pradesh for acceptance of Government deposits.

* Gold loan of Rs.2.00 lakhs maximum is being allowed to each individual.

* Earning profits since 1918 (inception year) and declaring dividends from inception.

* Computerisation of all 33 branches with friendly user financial accounting package.

* The Bank financed Rs. 875.37 lakhs to 1634 SHGs and Rs.236.71 lakhs to 367 RMGs.

* A’ Class Audit classification since 1975 (28 years continuously)

* Ranked No.1 in recovery almost every year. A magnificent 96.40 percent is recorded 2006 – 07.

* NABARD Best Performance award winner for three consecutive years 1999-2000, 2000-01 and 2003-04.

* First bank in the state to announce 0.50% additional interest on the deposits of women.

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