It will be set up by DCC bank: Nagamarapalli

Bidar District Central Cooperative Bank Ltd. will soon establish a super-specialty cooperative hospital here, according to its chairman Gurupadappa Nagamarapalli.

Speaking after being felicitated here on Thursday by the bank to mark his 69th birthday and the silver jubilee of his chairmanship, he said there would be no need for the people of Bidar district to go to Hyderabad or Gulbarga for treatment, once this hospital became operational.

He said that the hospital would function on the lines of the cooperative hospitals in Shimoga, Uttara Kannada and Dakshina Kannada districts.

Mr. Nagamarapalli announced the setting up of joint liability groups in which individuals could increase their borrowings by being part of a peer group. This concept had worked well in Africa and some Asian countries. “We are introducing it after some officials of the National Bank for Agriculture and Rural Development suggested it,” he said.

According to Mr. Nagamarapalli, the quantum of loans under the new system would go up by five to six times. The DCC bank was one of the first banks in the State to promote self-help groups (SHGs) and provide loans to them for starting small business units. The SHGs in the district produced a variety of handicrafts and other items but lacked access to a dedicated market. Keeping this point in view, the DCC bank would set up a marketing federation to enable the SHG members to sell their produce at remunerative prices, Mr. Nagamarapalli said. The federation would have women SHG members on its board and would be financially supported by the DCC bank, he said.

Earlier, district in-charge Minister Revu Naik Belamagi inaugurated an organic farming training centre of the DCC bank. This centre would train farmers in organic farming and would have a dedicated staff, Mr. Nagamarapalli said.

  • Joint liability groups to be set up to help individuals increase borrowings
  • Marketing federation proposed to assist SHG members in selling their produce