Mahbubnagar, Jun 15 (KNN) The District Cooperative Central Bank (DCCB) of Mahbubnagar has been planning to disburse loans worth Rs 60 crore to people running Micro, Small and Medium Enterprises (MSMEs) here, said V Srinivas Goud, Minister for Excise and Prohibition.

He said this while speaking at a programme organised for disbursement of loans worth Rs 1 crore to micro and small business owners on Sunday.

He cautioned people not to take loans from private money lenders and instructed officers concerned to prepare a list of money lenders, who have been exploiting gullible people, and book cases against them.
He also requested borrowers to make their payments on time, so that tax-payer’s money could be lent to other deserving others.

Under the supervision of DCCB, he added that daily and monthly financial help would be provided by the local PACS and those who need a loan could apply, along with their Aadhar card and other documents.
''Micro enterprises would be given up to Rs 1 lakh loan and 50 per cent of loans would be given to poor people,'' he said.

He urged the DCCB members to work honestly and placed the responsibility of recovering loans from borrowers on Primary Agricultural Cooperative Society (PACS).

Mahabubnagar DCCB Chairperson Nizam Basha, addressing the gathering, said that this was the first time that non-cooperative members who owned micro and small businesses were being given loans, so that they could prosper too.