Mysuru:  Mysuru District Small Scale Industries Honorary Secretary C.M. Subramanian has been elected as the President of Hebbalu Kaigarike Souhardha Sahakari Ni recently. Hebbal Industrial Estate Manufacturers Association (HIEMA) President N. H. Jayanth has been elected as the Vice-President.

The Directors are: M.S. Sachin (Goldline Ind), Padmanabha (Quality Chemicals), Jayaprakash (Ex-Chairman, NIPM), Asha Latha ( MGM Group Inds), Sathish (Entell CAD Inds), Arjun (Indian Gears), R.U. Harsha (Sumukh Inds) and Kiran Lingaraju (Kiran Industries). The elections were conducted by District Registrar of Cooperative Societies under the supervision of Election Officer Puttaraju.

Hebbalu Kaigarike Souhardha Sahakari Ni is second in the State to be established for the banking activities exclusively for the industrial sector in Mysuru District. Hebbal Industrial Estate Manufacturers Association felt the need of exclusive lending facility for industrial sector and its employees and hence such an Association was set up.

Kaigarika Souhardha Sahakari Ni will be inaugurated soon and it will start operations in Hebbal Industrial Estate. The main aim of this Souhardha Sahakari Ni is to help the employees of the industrial sector by giving loans at the present bank rate, help the employees for the immediate and long term loans, vehicle loans, gold loans, loan on properties with minimum formalities.

It was also decided do away with faulty CIBIL ratings (CIBIL is basically a web company in USA. It does not have anything to do with Government agencies including RBI) which gives judgement without giving any information/ verifying with bank / financial institute on customers.

The shares of the Hebbalu Kaigarika Souhardha Sahakari Ni is open to public for short period and also it offers interest rate higher than any bankers.

For further details contact President C.M. Subramanian on email: [email protected] or on Mobile: 88808 88852, according to a press release from the Association.