Chairman of National Federation of State Cooperative Banks limited (NAFSCOB), Konduru Ravinder Rao has urged the agri community to take up commercial yield crops to harvest wealth with bountiful accessibility of water system sources through Kaleshwaram Lift Irrigation Scheme (KLIS).
Mr. Rao was speaking after opening a District Cooperative Central Bank's ATM booth in Kataram mandal headquarters located in the Jayashankar-Bhupalapalli region. The bank has a total of 67 branches and Kataram branch is the oldest, and was set up in 1978 and has approximately 22,000 clients.
Communicating with the clients, the chairman of NAFSCOB, who is additionally chairman of Karimnagar, said that the Kataram area located in the Karimnagar region has many natural assets including water system sources through the river Godavari and the KLIP. Currently, there was bountiful water for farming exercises and the farmers should go in for commercial harvests, for example, pulses, vegetables, and so on, alongside the conventional crops grown in the area, for example, paddy, chillies, and so forth, he expressed.
Clarifying about the effective working of Choppadandi Primary Agriculture Cooperative Society (PACS) with the farmers who are adopting commercial crops and arising as the no 1 PACS in the nation, he said that they were taking all measures for fortifying the PACS. They were redesigning the PACS to level head with the bank offices by broadening all administrations to serve farmers, he added.
As to the request of expanding more crop credits from the current roof of Rs 1 lakh, Rao guaranteed farmers to give crop advances to a total of Rs 3 lakh which incorporates no interest for Rs 1 lakh and 25 paise interest for the excess Rs 2 lakh. He additionally focused on the requirement for developing the local interest for the farm produce and advertising them by making value addition to the items for attaining lucrative price.
DCCB CEO N Satyanarayana Rao, DCCB director and Manthani Mutharam PACS president Raji Reddy, PACS presidents Challa Narayana Reddy, Tirupathi Reddy, Shantha Kumar, Rama Rao, Bhaskar Rao and others were likewise present.
