I&B Minister Anurag Thakur congratulates Kangra Central Cooperative Bank on its phenomenal turn around

Information and Broadcasting Minister Anurag Thakur today congratulated the Kangra Central Cooperative Bank on its phenomenal turn around. The bank which had suffered a loss of around 46 crore rupees has earned a profit of 87 crores in 2021-22. The Minister expressed happiness that this also happens to be the highest ever profit earned by the bank.

Mr Thakur reiterated the vision of Prime Minister Narendra Modi that the Government is steadfast in its efforts to merge the spirit of Cooperation with the Spirit of ‘Azadi ka Amritkaal’. He highlighted that the Prime Minister has categorically stated that the Government is working to ensure that cooperative societies become competitive in the market and get a level playing field and reduction in taxes on cooperatives is a move towards that goal.

The Minister acknowledged the growth of the bank in the last four years and said the bank has seen substantial increase in enrolment of customers under various social security schemes. He congratulated all the 1,400 employees of the bank whose dedication to serving the bank’s over 17 lakh customers has resulted in an impressive growth of over 3000 crore rupees in last four years.