Mullur, Sep. 21: ‘The association will be able to earn profits if the cooperative members repay the loans taken in the association on time and contribute to the growth of the association,’ said Alur-Siddapur Primary Agricultural Cooperative Society President S.J. Prasannakumar, who presided over the annual general meeting of the said association for the year 2024-25.
He appealed to the members to rectify the discrepancies in the title deed of their land as per the rules of the association while taking agricultural loans from the association and take loans from the association. The said association has earned a net profit of Rs 28 lakhs 85 thousand 164 this year, which is more than the profit made last year and he assured that efforts will be made to bring more profit in the next year.
Chief Executive Officer of the association P.S. Leela Kumar, while presenting the annual report and audit report of the said association, said that the said association has 2,695 members and the share of the members' 'A' class is Rs 1 crore 71 lakh 9 thousand 575. The association has taken a loan of Rs 13 crore 11 lakh 19 thousand 862 from KDCC Bank in the year 2024-25 and through this, KCC loan of Rs 13 crore 70 lakh 10 thousand 805 has been disbursed to the members of the association this year. There are 93 self-help groups in the association and out of these, Rs 46 lakh 20 thousand has been disbursed to 11 groups, thus achieving 100% loan recovery, he said. The association has taken a loan of Rs 1 crore 36 lakh 41 thousand 515 in the year 2024-25. He said that he has done business and earned a profit of Rs. 6 lakh 84 thousand 715 through this.
Discussions held in the general meeting - It was demanded that the members of the association should increase the loan amount to Rs. 25 lakh, including agricultural loans, vehicle loans and other non-agricultural loans.
The members of the cooperative association do not come to the annual general meeting, but send the allowance slip given to the cooperative members through someone else and receive the allowance money. This is not a good development. It was decided in the meeting that from now on, the members of the association who receive the allowance should come to the general meeting and receive the allowance money themselves.
The growth of the association and the benefits for the cooperative members were discussed in the general meeting. Senior cooperative members of the association such as C.K. Chandrashekhar, H.S. Premnath, Ravi, Gangur Chandrashekhar etc. discussed in the meeting.
In the general meeting, the vice president of the association K.G. Honnappa and all the directors of the board of directors, D.C.C. Bank Manager Tungaraj on Saturday, K.D.C.C. Bank Supervisor B.J. Indresh, Association Accountant K.D. Chandramati and staff were present.
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