BDCC bank clocks sold at Rs 33 crore

The Bellagarve Regional Central Cooperative Bank achieved great success last year, and its office employees said Thursday in Bellagarve.

Appasaheb Kulgude, president of the bank, said it had a net profit of Rs 3.311 crore and had received Rs 3,03 crore in equity over the past year. Profit last year was Rs 3057 crore.

“It has collected a deposit of Rs 6088 crore with an investment of up to Rs 2276 crore. It has given an external loan of Rs 1664 crore and a member loan of Rs 5893 crore. It has a net profit of Rs 3311 crore, an operating symbol of Rs 3311 crore and has working capital of 8,593 CRORE.

According to him, the bank has made steady progress year after year. It has won the trust of farmers and customers by making high profits.

MLA and director Balacandra Jarkiholi said new plans will be implemented to benefit farmers and will be promoted using new technical tools. He said: “We have provided a large amount of loans and recovered them in a timely manner. No membership fee is available in any factory or institution.

The bank completed its centenary a few years ago. But because of the lockdown, this was not celebrated. The MLA said we decided to hold the ceremony in the presence of central and state leaders in the end of May or the first week of June. “Efforts will be made to increase the bank’s profits by increasing deposits. All branches in the area will provide a variety of facilities including furniture, unified lime, paint and other materials,” he said.

Annasaheb Jolle, a bank director and former MP, said the difference between BDCC banks is to provide the highest loans to farmers in the state. Under the current plan, a target of Rs 31.75 crore was paid to cover short-term crop loans. But our bank has paid Rs 347,56 crore in the region’s farmers’ members to 4,88,379 farmers’ members, reaching 109.47 per cent, surpassing the target. Last year, Rs 3,060.42 crore was allocated to 4,68,777 farmers’ members. This year, loans have been provided to 19,604 new members. He said ₹415.24 crore of crop loan.

Mr Joel said Nabad’s refinancing fund has steadily declined. Under the Nabard Punar Dhan loan scheme, our bank is eligible for Rs 127 billion in refinancing, but received only Rs 77.4 billion last year. He said that in the current fiscal year, we have Rs 31.3 crore less than that.

But despite this limitation, we have issued a loan of Rs 41524 crore to farmers. The recovery rate for these loans is 99.22%. Joel said the BDCC is the bank that provides the highest crop loans in the state.

To benefit farmers in the area, the interest rates for purchasing tractors, trailers, trailers, agricultural equipment, irrigation pipelines and pump sets are as high as Rs 1.5 lakh. More than Rs 161.48 crore. A fee of Rs 1,790 has been requested from farmers in 2014. His dairy recovery rate is 99.78%.

Due to the trust of farmers, cooperatives and customers in the bank, a deposit of Rs 60.887 crore has been collected this year, and Rs 29 billion has been added this year. Working capital increased by 8.84% compared to last year.

The bank paid a total of Rs 1,486.96 crore to eight cooperative sugar factories and 15 private sugar factories, of which working capital loans were Rs 877.15 crore and the term loan was Rs 608.91 crore. However, due to the reduction of the crushing of sugar cane, it is difficult to recover the principal and interest payments due this year are about Rs 3.6 crore.

To facilitate customers, mobile banking services have been started. Online banking services like IMPS, UPI, Google Pay, phone payments and other online banking services will begin soon, he said.

License has been obtained for opening nine new branches in the area. They will appear in Badal Ankalagi, Hudali, Belagundi, Naganur of Bailahongal Taluk, Kakkeri of Khanapur Taluk, Ambadagatti Kalabambi of Nasalapur, Ambadagatti Kalabambi of Nasalapur, Ambadagatti Kalabambi of NaSalapur.

Director and former MLA Mahantesh Dodagoudra said that a total loan of Rs 350 crore has been provided to the Women’s SHG Group in 1850 this year. They receive zero interest loans, up to Rs 5 per group.