Mysuru:  The Annual General Body Meeting (AGM) of Mysuru Hotel Owners Credit Co-operative Society Ltd. was held at Mysuru City Hotel Owners Association office at Krishnamurthypuram here yesterday.

Society’s Founder-President M.K. Puranik inaugurated the AGM by lighting a lamp.

Society Director and President of Mysuru Hotel Owners’ Association C. Narayanagowda said that the Society sanctioned Rs. 15 lakh more loans this year as compared to the previous year.

Pointing out that the Society has planned to cross loan target of  Rs. 1 crore, he said that the Society was making efforts to get stamp paper sales agency, which will go a long way in enhancing the annual revenue of the Society.

Society President Subramanya R. Tantri, Vice-President Narayan Kunder, Directors Ravi Shastri, B. Siddaraju, Narayan Hegde, K.C. Vishwananda Bhat, M.S. Jayaprakash, Hemanth Kumar, Sumitra A. Tantri and others were present.