The loan mela, it turns out, was genuine, organised by the Kolar and Chikkaballapur District Cooperative Bank on November 7. The cooperative bank that day sanctioned Rs 3.36 crore in all as loans to 69 self-help groups (SHGs) of women from 14 local villages. Many beneficiaries are in a dilemma about what to do with the loan funds now,” says C Srinivas, a villager. I am trying to tell her it is a loan sanctioned by the bank,” says Ramesh Kumar, a resident of Nerale Kere. Health Minister Ramesh Kumar, a legislator from the district, said the cooperative bank has been doing good work.

Source: Indian Express November 20, 2016 23:13 UTC