Rameshwaram Kudumangaluru Pax in profit of Rs 8115 lakh

Kudige, Aug. 26: Kudige's Rameshwaram Kudumangaluru Primary Agricultural Credit Cooperative Society has earned a profit of Rs. 81.15 lakh in the year 2024-25.

The members' share capital for the year 2024-25 is Rs. 432.77 lakh, of which the deposit is Rs. 2520.36. lakh, of which 893.88 lakh has been given as agricultural loan. The association has helped farmers by providing loans worth Rs 6.89 lakh as agricultural medium-term loans, Rs 687.71 lakh as surety loans, Rs 15.16 lakh as unsecured deposits, Rs 1.65 lakh as piggy deposits, Rs 41.65 lakh as self-help groups, Rs 168.50 lakh as jewellery loans, Rs 305.61 lakh for business development, Rs 26 lakh for joint liability groups, Rs 1793 lakh as piggy general loans, Rs 9.73 lakh as fertilizer loans, a total of Rs 39.51 crore, said the president of the cooperative association, K.K. Hemanth Kumar.

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