Date:13/09/2007 URL: http://www.thehindu.com/2007/09/13/stories/2007091352390300.htm

Andhra Pradesh

ICDP loan for DCCB

Correspondent

VIZIANAGARAM: The Integrated Cooperative Development Project (sponsored by NCDC, New Delhi) has sanctioned Rs. 1 crore towards share capital to District Cooperative Central Bank and Rs. 5 lakhs to District Cooperative Marketing Society for diversifying trade-related activities, according to Chairman of the bank M. Simhachalam Naidu.

Addressing a press conference on Wednesday along with DCMS Chairman Suryanarayana Raju, Mr. Naidu said that of the amount 20 per cent was subsidy and the balance must be repaid in a time frame.