Sudhakar warns of action against Kolar-Chikkaballapur DCC Bank

Team Udayavani, Sep 12, 2020, 12:51 PM IST

Chikkaballapur: Medical Education Minister Dr K Sudhakar has warned of strict action against Kolar-Chikkaballapur DCC Bank of action if it does not drop a particular regulation pertaining to loans.

Addressing the gathering after distributing cheques for loans to 119 self-help groups under Harobande, Tippenahalli, Poshettihalli, Gollahalli, Chikkaballapura, and other gram panchayats of Chikkaballapura constituency Sudhakar said, “Several complaints are being heard against the DCC Bank’s regulation.”

He further questioned, “How the beneficiaries could avail the benefit of a loan when a 20% share is secured from them, the regulation must be discontinued, if not strict action will be taken against the bank.”

“Both Central and State Governments have prioritized women empowerment. Women are our country’s pride. The entire country will develop if women are empowered. Earlier, the loan was offered with interest and later the interest would be waived. Following the Centre’s direction, women’s self-help groups are offered loans without interest,” he explained.