Khargone Bank Tops MP In Loan Recovery

Khargone District Cooperative Central Bank in Madhya Pradesh has achieved significant milestones in the financial year 2025-26. The bank has emerged as a top-performing cooperative bank in the state, with notable achievements in procurement, loan recovery, deposits, profits, and farmer services.

The bank's success can be attributed to its timely payments, transparent services, and the zero-interest crop loan scheme, which has benefited thousands of farmers. During the financial year, the bank's deposits increased by Rs 259.28 crore, while its gross profit rose to Rs 50.66 crore from Rs 30.88 crore.

The bank's net profit also saw a significant increase, rising to Rs 17.59 crore from Rs 4.04 crore. Additionally, the bank reduced its non-performing assets (NPA) ratio by 0.58%. These achievements demonstrate the bank's commitment to providing efficient and effective services to its customers.

In the 2026-27 rabi marketing season, the bank procured over 7.77 lakh metric tonnes of wheat from 13,193 farmers through 29 procurement centres in Khargone and Barwani districts. The bank disbursed more than Rs 2,041 crore to these farmers. It also purchased 14,277.75 metric tonnes of gram from 4,415 farmers, paying Rs 83.88 crore.

The bank has also been working to support farmers through the distribution of fertilisers. It distributed 2.21 lakh metric tonnes of fertiliser through 182 Primary Agricultural Credit Cooperative Societies using the state's e-Vikas portal for transparent allocation.

One of the bank's most notable achievements is its loan recovery rate, which stands at 76.79%. This is the highest among district cooperative banks in Madhya Pradesh. The bank's CEO, Sandhya Rokde, has stated that the bank will continue to strengthen rural livelihoods through efficient cooperative services.

The bank's success has a positive impact on the local community, particularly farmers who rely on the bank's services. The zero-interest crop loan scheme has been especially beneficial, allowing farmers to access credit without incurring high interest rates.

The bank's achievements are a testament to its commitment to providing effective and efficient services to its customers. As the bank continues to grow and expand its services, it is likely to have a positive impact on the local economy and community.

In conclusion, Khargone District Cooperative Central Bank's achievements in the financial year 2025-26 are a significant milestone for the bank and the state of Madhya Pradesh. The bank's commitment to providing efficient and effective services to its customers has resulted in notable achievements in procurement, loan recovery, deposits, profits, and farmer services.

The bank's success has implications for the broader economy and community. As a top-performing cooperative bank, it sets an example for other banks to follow. Its commitment to supporting farmers and rural livelihoods is especially important, given the significant role that agriculture plays in the state's economy.

Overall, Khargone District Cooperative Central Bank's achievements demonstrate its importance as a financial institution in Madhya Pradesh. Its success is a positive development for the state and its people, and it is likely to have a lasting impact on the local economy and community.