Pg. 9 of Annual Report
CORPORATE SOCIAL RESPONSIBILITY
Declaration of Melur as Money Lender Free Village
Melur Village, near Chalakkudy is an agri-based village. Many of the villagers are agriculturists and farmers. Most of the villagers are poor and they lack in capital and depend on moneylenders for their needs, who in turn charge exorbitant rate of interest. To
save the villagers from the clutches of these moneylenders, we have declared the village as "money lender free village" and started lending at lower rate of interest through SHGs in association with Organisation for Women Empowerment and Rural Development (OWERD) an NGO. The function was inaugurated by Mr.Ramaswamy, Regional Director, RBI, on 1st March 2008 in the presence of Dr. V A Joseph, our Managing
Director & CEO.
Activities by the Bank in Tholur Village
Tholur Village is also an agri-based village in Thrissur District. Due to lack of knowledge of technical know how and capital, the farmers there could not effectively undertake agricultural activities. Realising this, the Bank in association with Tholur Panchayat, Kerala Agricultural University and OWERD, came forward to cater to their needs. Kerala Agri University attends to their technical needs and provide high yielding seeds, whereas our Bank is looking after their financial needs in association with OWERD by extending agricultural loans and also housing loans for general upliftment of the farmers.
SIB STUDENTS' ECONOMIC FORUM (SIBSEF)
Students’ Economic Forum, which is celebrating its 18th year of publication was launched in December 1991. It is a monthly publication discussing one theme in an issue covering a whole range of economic affairs and activities. So far 208 themes have
been published and in response to the requests from our readers and well wishers, we had compiled the first 150 themes of this publication in 3 volumes. The objective of this venture is to kindle interest in economic affairs in the minds of our younger generation and also to empower the student community.
Although it is a publication targeted at the younger generation and student community, feed back received at our end show that, the booklet is being well referred by academics, administrators, diplomats etc. It is also a source of reference for the editors of various publications, including that of reputed banking journals.
Open access is also made available to this publication through the "Students' Corner" page of the Bank's website.