In regard to LCQ No.1111(starred) Names of benificiries and loan
amount released in Visakhapatnam & East Godavari districts for the year
2006-07 and 2007-08.
EAST GODAVARI DISTRICT
a) State-Level Corporation
A.P. Backward Classes Cooperative Finance Corporation Ltd., Hyderabad was
formed vide G.O.Ms.No.359, Employment and Social Welfare (P) Department
Dt.01.06.1974 based on the recommendation of a Backward Classes commission
appointed in 1969 headed by Sri Anantharaman. The Corporation was registered in
Septemberí1974 under the Andhra Pradesh Cooperative Societies Act VII of 1964.
b) District Units :
The District-level units of the Corporation called District B.C.
Service Cooperative Societies for implementation of the various schemes at the
District-level were formed vide G.O.Ms.No.1148 Employment and Social Welfare
(P) Department Dt.16-12-1975.
To encourage self help thrift and cooperation among the
affiliated societies and their members. The primary duty of the Corporation is
to undertake the tasks of Economic upliftment of the members of the Backward
Classes in the State. The objectives of Coporation shall therefore be as
The corporation shall Plan, Promote, undertake and assist programmes of
Agricultural development, Animal Husbandry, Marketing, Processing, Supply and
Storage of Agricultural Products, Small scale industry, Village industry,
Cottage industry. Any other economic support and development activity which
will enable its member to earn a better living and help them to improve their
standards of living.
To undertake a massive programme of employment oriented Agro-industries,
Cottage and small scale industries, village industries etc., by providing
technical know - how Managerial assistance, Financial assistance and any other
form of assistance which may be required in achieving the above objective
including providing the necessary Financial guarantees to its members.
To provide working capital to the members by advancing loans and cash credits.
To coordinate, supervise and control activities of affiliated societies and
individual members indebted to the corporation or who obtained supplies and
sevices from corporation.
To act as the Agent of the Government for procurement, supply and distribution
of Agricultural or other produce or other goods as and when required to do so.
To provide facilities for survey, research or study of the problems relating to
cottage and village industries economic Welfare to assess potentialities or
Village cottage and small scale industries and scope of their development with
a view to promote such industries and economic support for the purpose of
providing employment to its members especially the occupational groups among
To arrange for publicity and marketing of the finished products manufactured by
the members if necessary by opening show rooms, emporiums, exhibitions etc.
To do all other things as are incidental to or conducive to the attainment of
the above objects.
The Executive Management of the Corporation vests with the Board
of Directors who shall consist of 17 persons including one Chairman and four
members nominated by the Government. The Government appoints an officer of the
Government as Managing Director who is responsible for implementing the
resolution of the Board and executive administration of the Corporation.
Membership of the Corporation shall be opened to the following :
Cooperative Societies formed exclusively for Backward Classes in the Andhra
Pradesh State and Cooperative Societies for the Welfare of Backward Classes.
Any other Cooperative Society or Corporation in the State registered under
Cooperative Societies Act for the Economic betterment of Backward Classes.
Any person belonging to the Backward Classes who has attained the age of 18
years and who is completed to contract and residing in the area of operation of
the Corporation as nominal members. The nominal member shall have no right to
vote or participate in the management of the Society and shall have no share in
the profits or assets of the Society.
The Authorised share capital of the Corporation at present is
Rs. 100.00 crores and it is proposed to enhance it to Rs.500.00 crores. The
Paidup share capital is Rs.97.00 crores. The Share capital of the Corporation
is provided by the Government from the funds allocated for the purpose in the
Plan Budget and other sources from time to time.