Minister distributes ₹44.02 crore loan assistance to 3,520 beneficiaries

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Minister for Housing, Prohibition and Excise S. Muthusamy handing implicit    harvest  indebtedness   to a beneficiary successful  Erode connected  Monday.

Minister for Housing, Prohibition and Excise S. Muthusamy handing implicit harvest indebtedness to a beneficiary successful Erode connected Monday. | Photo Credit: M. GOVARTHAN

Minister for Housing, Prohibition and Excise S. Muthusamy connected Monday distributed ₹44.02 crore worthy of indebtedness assistance to 3,520 beneficiaries astatine the district-level solemnisation of the 72nd All India Cooperative Week successful Perundurai.

Speaking astatine the event, the Minister said the State government, nether the enactment of Chief Minister M.K. Stalin, had been implementing respective payment schemes for the improvement of farmers. Highlighting the taxable “Cooperatives arsenic Instruments for Self-Reliance,” helium noted that Tamil Nadu was the archetypal State successful the state to found cooperative societies, which proceed to play a important relation successful employment procreation and concern development.

During 2024–25, harvest loans totalling ₹1,126.16 crore were extended to 82,869 farmers successful Erode territory done cooperative societies. To beforehand women’s economical empowerment, ₹1.27 crore was disbursed to 277 women entrepreneurs. Housing and owe loans amounting to ₹43.46 crore were provided to 493 individuals.

The Minister said that the Erode District Central Cooperative Bank and its 35 branches had been brought nether halfway banking services, with six ATMs, 1 mobile ATM and micro-ATM facilities successful 30 branches.

As portion of the celebration, the Minister presented awards and certificates to best-performing cooperative societies, including superior agricultural, beverage producers, handloom, lodging and fisheries cooperatives, arsenic good arsenic to outstanding employees. Prizes and certificates were besides awarded to winners of storytelling, code and effort competitions.

Collector S. Kandasamy, Erode MP K.E. Prakash, MLAs V.C. Chandrakumar (Erode East) and A.G. Venkatachalam (Anthiyur), were present.

Published - November 17, 2025 07:18 p.m. IST

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