Aija Cooperative Society Leads in Employment
Aija Single Window Cooperative Society employs the highest number of staff among the 78 cooperative societies in the undivided Palamuru district. The society plays a key role in agricultural development by actively engaging in various initiatives to support farmers.
Importance of Cooperative Societies
District Cooperative Central Bank (DCCB) Chairman Mamillapalli Vishnuvardhan Reddy highlighted the crucial role of Primary Agricultural Cooperative Societies (PACS) in helping farmers. Speaking at a meeting with PACS chairmen and secretaries in Jogulamba Gadwal district, he praised Aija Single Window for its outstanding efforts. The meeting, held at the Aija Primary Agricultural Cooperative Society premises, was led by Aija Single Window President Pothula Madhusudhan Reddy.
Helping Farmers with Low-Interest Loans
The chairman explained that both the central and state governments have introduced several schemes through PACS to support farmers. These include long-term loans at a very low interest rate of just half a rupee. Additionally, funds are available for purchasing tractors, harvesters, drones, and other farming equipment under the supervision of DCCB.
He also emphasized that cooperative societies should go beyond providing loans and explore business opportunities that can benefit farmers and the public. He cited the example of Aija Society, which successfully runs a supermarket, creating both profits and employment.
DCCB Expanding Digital Banking Services
To compete with major banks like SBI and UBI, DCCB Bank has introduced internet banking and UPI services. The chairman assured that DCCB aims to provide all types of loans at the lowest interest rates, making banking more accessible for farmers.
Solar Power Project for Financial Stability
Reddy revealed that the central government is considering allowing PACS to generate and manage solar power. A plan is in place to set up a 1-megawatt solar power system on the 4-acre land belonging to Aija Society. This project would help ensure stable salaries for society employees without financial difficulties.
To support this initiative, discussions are underway with the state government to sell four acres of government land at market rates to each society. This would strengthen their financial stability. Talks have already been held with senior revenue officials in the Jogulamba Gadwal district regarding this matter.
DCCB Aiming to Be the Top Loan Provider
The chairman concluded by stating that DCCB will soon become the leading provider of all types of loans at the lowest interest rates, surpassing other banks.
Key Participants at the Event
The event was attended by DCCB Director Eerladinne Rangareddy and PACS chairmen from Alampur, Kothur, Kalagottla, Manavapadu, Vaddepalli, and Gattu. Other attendees included PACS secretaries, society staff, former Aija municipal chairman Devanna, and former village sarpanch Bhoompuram Narasimhareddy.
