Mysuru: State JD(S) President H.D. Kumaraswamy (HDK) suggested to the industrialists to set up a Co-operative Bank for themselves instead of seeking loans from Nationalised Banks.
He was addressing a gathering of industrialists, businessmen and traders at an interaction session organised by Mysore Chamber of Commerce and Industry (MCCI), at Jnanasarovara International Residential School auditorium here yesterday. He said that industrialists take loans from Nationalised Banks and start the industries. Later, the buyers of products do not make the payment in the beginning and as a result, the burden of loans increase and slowly the industry will turn into an NPA (Non Performing Asset) and a stage will come when it has to be shut down.
