Mysuru: Deputy Commissioner D. Randeep held a meeting of Bank officials at his office here recently in the context of providing loan to Srirama Co-operative Sugar Factory at Chunchanakatte in K.R. Nagar taluk.
Bank officials said that they would decide on providing loan to the sugar factory if the Management provide details of factory assets, financial position, bank statement for the last three years and other relevant documents. They further disclosed that the factory Management had sought a loan of Rs. 14.7 crore from the govt. to pay employees under the Voluntary Retirement Scheme (VRS) which had touched Rs. 20 crore now.
