Karimnagar District Cooperative Central Bank chairman Konduru Ravinder Rao has called upon the Primary Agricultural Cooperative Societies (PACS) to diversify their business activities to reap riches and benefit the farming community.
Stating that due to restrictions imposed by the Reserve Bank of India, they were unable to open more branches in the district, he informed the PACS to convert the societies into bank counters and provide all services to the customers on par with the bank.
Presiding over the 102nd general body meeting of KDCCB at the main office in Karimnagar town on Monday, Ravinder Rao said that they were the first cooperative bank in the state to convert the PACS as Common service centres (CSC) to offer around 300 digital services at the doorstep of the villagers.
As part of the conversion of PACS into CSCs, the farmers and other villagers could avail of services listed on the digital seva portal of the CSC scheme including corrections and issuance of Aadhar and PAN cards, LPG cylinder bookings, banking and insurance services etc.
Rao also informed the PACS of his region to examine the feasibility of setting up generic medical shops (Jan aushadi centres) to sell medicines at cheaper rates as part of the diversification of business. He also reminded that the NABARD’s assistance in the diversification of PACS into a Multi-service centre (MSC) would continue till 2026 following his request and informed PACS to utilize the opportunity.
The general body meeting passed a resolution to provide financial assistance of Rs 1 lakh to the bereaved family of the PACS chairperson who dies when in power. The DCCB had also decided to provide financial assistance for the annual maintenance of computers of all PACS at a cost of Rs 25.80 lakhs.
Following the request from the members, the chairman assured to look into the possibility of providing group insurance coverage to the PACS chairpersons.
When the members were informed about some difficulties in the implementation of HR policy for the PACS employees, the DCCB chairman assured to solve the problems after consultations. Vice chairman P Ramesh, CEO N Satyanarayana Rao, NABARD DDM S Jayaprakash, directors and others were also present.
The chairman felicitated the PACS chairmen and secretaries of PACS Choppadandi (Malla Reddy), Bheerpur (M Ramchander Rao), Jaina (Naresh) and Poramalla (Srinivas) for achieving 100 per cent recovery during the last financial year. Similarly, the bank managers of the Huzurabad branch (Shyamsunder Reddy), Korutla (Munawar Ali) and Yellareddypet (Swaroopa) for achieving 100 per cent recovery and crossing the business of doing over Rs 100 crore.
