Posted: Posted Date – 7:51 PM, Mon – 2 May 22
Hyderabad: Uganda Policy Delegation team led by Mr. Henry, Uganda Ministry of Finance visited Telangana State Cooperative Apex Bank (TSCAB) on Monday on a study tour to Hyderabad.
The tour program was organized by the Government of Uganda in collaboration with CARE (Cooperative for Assistance and Relief Everywhere) International, Uganda, as part of its efforts to eliminate economic disparities by promoting savings societies. They met with TSCAB Chairman Konduru Ravinder Rao and MD Dr N Muralidhar Rao.
Ugandan government officials asked about loan disbursement programs supported by TSCAB, economic empowerment of women SHG, etc. Ugandan officials showed more interest in empowering women through SHGs and inquired about its functioning in detail.
The Managing Director of TSCAB, Dr. N Muralidhar gave a visual presentation on how the cooperative credit structure works in Telangana State. He explained the cooperative structure and the functioning of State Cooperative Banks, DCCBs, Primary Agricultural Cooperative Societies (PACS). It empowered them to provide financial assistance to farmers to resume farming activities and purchase agricultural products by offering a minimum support price.
He also explained the successful functioning of SHG women by taking various self-employment units and their percentage of repayment of bank loans. He also informed about the diversification of Pacs towards multi-service centers to extend their commercial activities.
Representatives from Makerere University Business School and CARE international, Uganda, Andhra Pradesh Women’s Development Association (APMAS) CEO, CS Reddy, and others were also present.
You can now get handpicked stories from Telangana today on Telegram every day. Click on the link to subscribe.