Karnataka Minister warns of action against Kolar-Chikkaballapur DCC Bank

News Network
September 12, 2020

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Chikkaballapur, Sept 12: Medical Education Minister Dr K Sudhakar has warned Kolar-Chikkaballapur DCC Bank of action if it does not drop a particular regulation pertaining to loans.

Sudhakar was speaking after distributing cheques for loans to 119 self-help groups under Harobande, Tippenahalli, Poshettihalli, Gollahalli, Chikkaballapura and other gram panchayats of Chikkaballapura constituency, on Friday.

According to a press note, he said several complaints are being heard against the DCC Bank's regulation. Questioning how the beneficiaries could avail the benefit of a loan when a 20% share is secured from them, he urged that the regulation must be discontinued. He warned them to follow the government's regulation or face strict actions.

Dr Sudhakar said the Bank should provide service that is just and pro-people.

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