| Co-operative Societies are backbone of our Indian economy. Farmers Service Co-operative societies were organized in our country by the recommendations made by the National Agriculture Commission during the year 1976. The main object of Farmers Service co-operative societies is to provide integrated credit and service to Farmers. Rythara Seva Sahakara Sangha, Singanayakanahally is one such society came in to existence during 1976. 9 weak societies amalgamated to singnayakanahally society. All those weak societies were not able to cater the needs of Farming community. Singnaykanahally society is ceded to Syndicate Bank and deputed one of their expertise officer to work in the society as Managing Director of the Society. Department of Agriculture has deputed 3 officials to work in the society. Society commenced its business at the end of 1976 with a huge loss. |
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| Singnayakanahally society is situated 21 K.M from Bangalore – Hindupur State Highway. Bangalore North taluk. The area of operation of the society is 48 villages covering 1710 Hectares of land. Today society has opened 6 full Pledges Branches in the are to provide nearest service to its members. Society Branches are fully computerized and giving better service to its members and doing Banking activities. Each branch is having 100 M.T Godowns to provide Agriculture inputs like Fertilizer. Pesticides, Organic and Bio Fertilizers. |
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| Society is having 10 Directors in its Board of Management. 8 Directors are elected from members, Syndicate Bank is representing one of its officer as Director in the society and giving guidance to the Board of management. The Chief Executive Officer is also a ex officio Director in the Board. Smt. Vanishree Vishwanath a dynamic lady is the president of this society. She has been elected unanimously as president of the society for II term. She is also a member of Bangalore Urban District Zilla Panchayath member. She is able to influence all the State Government schemes and implemente the same in the society. And helped many poor members of the society by getting large number of subsidies to society to assist the poor members. Her husband Sri. S.R. Vishwanath is also supporting for the development of the society. |
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| Society is not borrowing any Funds from Syndicate Bank today. Society is working with a working capital of 60 Crores and doing business turn over of rS. 280 crores per year. Society has mobilized variours deposit schemes and giving 0.5% more interest to its members than commercial Bank rate. |
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| Society is giving various types of loans like Agrucluture Short Term and Medium Term loans. Diary Development. Sheep rearing, Jewel loans, Petty Business, Eucation loans, Housing loans, consumer durables, Solar Systems, Vehicle loans, Self Help Group loans etc.The main activity of the society is agriculture lending. Society has advanced loans to more than 750 farmers by way of Short term and Medium Term loans at the interest rate of 3% per annum. Society is the highest agriculture lending institution in Bangalore District. The are is covered by Horticulture crops like Bangalore Blue Grape, guava Fruit, Sapota gardens and vegetables. Farmers cultivate Ragi as food crop. |
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| The agriculture farmers are supported by giving them training with assistance of Department of Agriculture and Department of Horticulture. Society is encouraging to use the chemicalfree fertilizers to farmers. Society has provided adequate supply of Chemical Fertilisers with agood support fro Iffco and Kribhco Society is RGB delegate to Iffco and Kribhco.
Society also supported land less labours to become economically self reliant by providing them Loans for the purchase of cattle, Sheep rearing at a susidised rate of interest. |
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| Society also supported to women members nearly 650 women members are made self reliant by providng them loan from Rs. 50,000 to 1 lakh for self employment. Govt of Karnataka assisted a subsidy of Rs. 7000 to 10,000 to each member. |
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| Society has organized 540 Self Help Groups. Nearly 200 groups are assisted by giving them loan from rs. 50000 to 5,00,000 lakhs each group at the rate of 4% interest. Society has organized training camps to SHG members to make them earning member. Tailoring training, embroidery, making garlands out of sericulture cacoons. Which has got good market? |
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| Society has Financed SC/St members by providing them subsidy loans under Govt sponsored schemes like SJSY, SCP, Udyogini, Asare Schemes.
Society also conducting social programmes like Vanamahotsava, Animal Health check up camps. Eye and cardiac and general checkup camps to members. 4600 members are enrolled under Yeshswini Health Insurance scheme. The premium of the scheme is met by societys own funds. Recently society has organized a programme on ‘Legal awareness’ especially for women members with the assistance of High court Judges of Karnataka. |
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