Tiptur JJFLC had conducted a financial literacy programme at Hullukatte village. Sri Sagar is one of the participants. Sri Vivek, Jr. Counsellor of Tiptur Centre explained about various loan facilities in Banks and also availability of subsidy from Government Departments. After a week of this programme, Sri Sagar visited Tiptur Centre and got further information on various activities and about subsidy from small industries. Then he decided to establish Vehicle Water Service Station.
Sri Sagar is a son of farmer. He faced financial difficulty to open the Serve Station. He again visited Tiptur JJFLC and obtained information on different loans from Banks. He tried loan with a few Banks and finally got loan of Rs.5.00 lakh from Syndicate Bank, Eachanoor Branch. To this loan amount he added capital of Rs.4.2 lakh and started Vehicle Water Service Station.
Now his business is doing well. He is paying the loan instalments promptly. In a few days he is getting subsidy from Small Industries Department. He is also making payments of his father’s agriculture loan.
He and his family happily informing that because of the help of Syndicate Bank and advice of Jnana Jyothi Financial Literacy Centre, Tiptur, their financial condition has improved and their future has become bright.
Eachanoor Post, Tiptur