Vizag City Online: The District Co-operative Central Bank Ltd in Marripalem, Visakhapatnam is making waves with its exceptional services tailored for the community. At the forefront is the bank’s support for self-help groups, offering loans up to Rs. 20,00,000. As an RBI licensed institution partnered with the AP State government, DCCB plays a pivotal role in empowering local initiatives.
In a commendable move, the bank provides farmers availing Crop Loans with valuable life insurance of Rs. 2,00,000 and general insurance of Rs. 30,000. Farmers and Agriculturists can apply for loans up to Rs. 3,00,000, ensuring comprehensive financial support.
Recognizing the vital role of women in agriculture, DCCB extends priority and reasonable interest rates to women dairy farmers seeking loans. Located at Marripalem, Visakhapatnam, the bank is led by Shri Kola Guruvulu as Chairman and DVS Sharma as CEO, reaffirming its commitment to fostering financial growth and inclusivity in the region.