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Mangaluru, Aug 5: Lack of suport by the banking institutions to farmers made them depend on moneylenders in many partf of the state, South Canara District Central Co-operative(SCDCC) Bank president M N Rajendra Kumar said on Tuesday.
He was addressing the 135th birth anniversary celebrations of Cooperative movement leader Molhalli Shivarao at the SCDCC Bank Hall.
“The bank, including the cooperative sector, do not estimate the land of a farmer. The Banks estimate only 10 per cent of the land value to issue loans. So the farmers go to moneylenders to get money on higher interest. The farmers fail to refund the loan amount due to higher interest”, he said.
“The farmers are using benefits from the cooperative societies here. But the agriculture is declining and paddy cultivation has become non-profitable. So agriculture through cooperative movement”, he stressed.
Besant College principal Sudha K, delivering a lecture on ‘professionalism in administration’, said that cooperative sector should give more importance to professionalism.”The professionalised administration should understand its customers”, she said.
The winners of a debate competition on ”professionalism in cooperative sector’ held recently, were honoured at the programme. A medical check-up camp was organised for cooperative bank staff as part of the programme.
Campco president Konkodi Padmanabha was inaugurated the programme. Dakshina Kannada District Cooperative Union Lts president Harish Achar, Cooperative Societies sub-registrar B K Salim, SCDCC Bank chief executive officer Babu Billava, coordination of debate competition and Mangalore University associate professor Jayavantha Nayak and others were present.