Every time Madugula Komaraiah switches on the TV to catch up on the farmers’ protests at Delhi borders and sees their hardships, he thanks his stars. For, his village in Telangana hasn’t faced any agrarian crisis in the past six decades. The sarpanch of Mulkanoor village near Bheemadevera-palli mandal has someone else, too, to thank for that—a cooperative bank.
And it’s not just Komaraiah. Almost every farmer, The Federal spoke to in this village, feels the Mulkanoor Cooperative Rural Bank and Marketing Society in Warangal urban district has not only stood by them but has also changed their lives for the better.
The cooperative bank and marketing society looks after the farmers’ needs—right from providing loans for ploughing the fields to getting them a better deal for their produce, not to mention the bonus from the profit. What’s more, at the end of every crop season, a farmer would be left with some money in his account after repaying what he had borrowed in the preceding six months.
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