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Madikeri, A. 7: Hoddur Primary Agricultural Credit Cooperative Society earned a net profit of Rs 20,78,447-13 for the year 2024-25 and has received ‘A’ grade, said the association’s president, Neravanda Sanjay Poonacha.
He spoke while presiding over the annual general meeting of the association for the year 2024-25 held at the Murnadu Kodava Samaj auditorium. The association currently has 2016 members and has collected deposits of Rs 4,94,06,715 till the year 2024-25.
The share capital in the association is Rs. 8,40,777, agricultural crop loan is Rs. 6,25,03,230, medium-term loan is Rs. Sanjay Poonacha said that a total of 10,41,37,339 loans have been disbursed, including Rs. 1,92,91,138, jewellery loan 72,75,760, surety loan Rs. 1,08,67,600, joint liability group loan Rs. 7,35,000, self-help group loan Rs. 3,08,261, unsecured deposit loan Rs. 7.70 lakh, salary-based loan, Rs. 1.80 lakh, fertilizer loan Rs. 22,06,350.
For the convenience of customers, 15 safe locker cabinet services have been provided in the new building of the association, and members have been requested to take advantage of this. He said that if they fail to attend the minimum number of annual general meetings, they will have to lose their voting rights.
President Neravanda Sanjay Poonacha called on the cooperative members to repay the loans taken by them in time for the all-round development of the association and to cooperate in the further growth of the association. The executive officer of the association, Tulasi K.B., presented the annual report and audit report of the association in the meeting. The meeting paid tribute to the departed members and observed silence.
The children of the association members who scored high marks in SSLC and PUC education were honored with incentive money and award certificates. Vice President of the association, Vanchira K. Ajay Kumar, directors Neravanda Anoop Utthaya, Karnayana B. Prabhakar, Chaurira R. Appanna, Chettimada Hemamalini, Mandepada A. Akkavva, Veena Sannajana, Kadlera K. Harsha, M.K. Ramanna, H.R. Ganesh, Mekanda B. Pemmaiah, Chaurira S. Uthappa, KDCC Bank Supervisor Chushma were present. At the beginning, Sangha member Mekanda Janaki prayed, President Poonachha welcomed, and Director Anoop Uthaya proposed the vote of thanks.
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