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Co-operation banks should provide loans to weavers

Minister for Cooperation C Adinarayana Reddy addressing the meeting at centenary celebrations of DCCB in Nellore on Friday. Ministers P Narayana and Somireddy are also seen

Nellore: Minister for Cooperation C Adinarayana Reddy advised cooperative banks to provide loans liberaly to the weavers in the state thorough the Primary Agricultural Cooperative Societies (PACS). He participated in the centenary celebrations of the District Cooperative Central Bank (DCCB) here on Friday. Addressing the participants, the Minister said financial support would be extended to weavers under Prime Minister Mudra Yojana (PMMY).

Highlights:

Ministers Adinarayana Reddy, Somireddy, Narayana and Amaranatha Reddy participate in DCCB’s centenary celebrations

Speakers praise DCCB Chairman for improving bank’s performance

Reddy asked cooperative banks to support the depressed communities of the society for their uplift and also suggested to increase number of ATMs being run by the cooperative banks. Agriculture Minister Somireddy Chandramohan Reddy said the state bagged second place across the country in utilisation of sprinklers. He stated the government had provided Rs 1,680 crore to the farmers as input subsidy for seven districts.

Source: http://www.thehansindia.com/posts/index/Andhra-Pradesh/2017-09-09/Co-operation-banks-should-provide-loans-to-weavers/325182