Farmers seek loan relief at DCCB meet

Khammam: The 129th General Body Meeting of the Khammam District Cooperative Central Bank (DCCB) was held here on Thursday under the chairmanship of District Collector and Bank PIC Committee Chairman TS Divakara.

During the meeting, Motapuram Cooperative Society president Bhagam Hemanth Rao urged the government to provide an additional four per cent interest subsidy on agricultural loans, besides the three per cent assistance extended by the Centre, citing crop losses due to inadequate rainfall and El Niño conditions.

Several cooperative society presidents sought a moratorium on farm loans, financial assistance to affected farmers and fishermen, and the establishment of palm oil collection centres and solar power plants through cooperative societies. They also stressed the need for remunerative support prices for paddy to protect farmers from middlemen.

Moreover, Fisheries Cooperative Society president Mamidi Venkateswarlu urged the government to extend financial assistance to fishermen who had suffered livelihood losses.

The meeting approved the annual report, expenditure statement, profit allocation and statutory audit report for 2025-26. Members also approved payment of dividends to A-Class cooperative societies and incentives to bank employees for the financial year. The meeting discussed and approved migration to the new CBS Pinnacle platform under NABARD’s Umbrella Project and an agreement with SSP-L Sahakara Sarathi Private Limited.

Divakara directed the bank CEO to examine the demands and take steps for their early resolution. Bank CEO N. Venkata Aditya said the bank’s decisions would prioritise farmers’ welfare and the development of cooperative societies.

District Cooperative Officers G. Gangadhar Rao and A. Srinivasa Rao, District Agriculture Officer Pullarao, DGM G. Udayasri and other bank officials attended

the meeting.

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The Hans India