Monday, Sept. 25: Goudalli Primary Agricultural Credit Cooperative Society earned a profit of Rs 1.18 crore in the year 2024-25, making it the cooperative society in the rural area that has earned the highest profit, said the association's president S.B. Bharatkumar.
Speaking after presiding over the annual general meeting held at Goudalli BGS school grounds, he said that the association is on the path of development as the members of the association under Goudalli and Doddamalte Gram Panchayat have repaid their loans on time, and in the current year. 25 percent profit will be distributed to the members.
The association has 2683 members and has a share capital of Rs 3,04,50,090. There is a deposit of Rs 23,90,80,507. In the year 2024-25, KCC gave loans worth Rs. 24,16,52,000 to 1086 members, 100% of which was repaid. He said that 1566 members have registered under the Yashaswini Health Scheme.
Government ration items are being sold at 2 sales centers belonging to the association. A well-equipped building has been constructed for the association at a cost of Rs. 1.06 crore. Interior design work is underway. He said that in the interest of the members, gold jewelry loans, fertilizer, bail, pigmy deposit-based and business development loans are being given at low interest rates. The members discussed the development of the association. Incentive money was distributed to the children of the association members who scored the highest marks.
Association Vice President H.S. Netravathi, Directors H.R. Suresh, B.P. Mogappa, K.K. Shivaprakash, G.M. Hoovaiah, A.S. Naveen Kumar, G.S. Nagaraju, K.G. Dinesh, S.C. Sunitha, G.E. Suresh, G.B. Girish, K.L. Rakshit, CEO M.H. Kiran were present.
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