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Sahakara Manikya Award for Badagabettu Society

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At the 72nd All India Cooperative Week State-Level Program, Badagabettu Cooperative Society has achieved a remarkable milestone by receiving the prestigious “Sahakara Manikya” Award.

As part of this honor, the society has been awarded a cash prize of ₹10,000 and a gold medal weighing 5 grams.

This award has been conferred in recognition of the society’s service in the cooperative sector, efficient management, and outstanding achievements. With this honor, Badagabettu Cooperative Society becomes the first credit cooperative society in Udupi district to receive the Sahakara Manikya Award.

The award was received by the society’s President Shri Jayakar Shetty Indrali and the Chief Executive Officer Shri Rajesh V. Sherigar in the presence of distinguished guests.

On this occasion, dignitaries present on stage included:

  • Hon. Speaker of the Karnataka Legislative Assembly U. T. Khader
  • President of Karnataka State Cooperative Federation Shri G. T. Devegowda
  • President of Karnataka State Cooperative Marketing Federation and President of D. K. District Central Cooperative Bank Dr. M. N. Rajendra Kumar
  • Members of the Karnataka Legislative Council Manjunath Bhandary, Ivan D’Souza, and Kishore Kumar Botyadi
  • MLAs Vedavyas Kamath and Yashpal Suvarna
  • Cooperative Department Officials
  • District Union Presidents
  • Board Directors of D. K. District Central Cooperative Bank and several other eminent personalities.

Badagabettu Credit Co-operative Society, Udupi: ₹15.47 Crore Net Profit

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The Badagabettu Credit Co-operative Society Ltd., Udupi, held its Annual General Meeting (AGM) for the year 2024-25 on Sunday at Smt. Ammanni Ramanna Shetty Hall, Udupi, under the chairmanship of Mr. Jayakar Shetty Indrali, President of the Society.

Presenting the Annual Report and Accounts, General Manager Mr. Rajesh V. Sherigar announced that the Society closed the financial year with:

  • Membership: 21,519 members
  • Share Capital: ₹4.83 crore
  • Deposits: ₹573.19 crore
  • Outstanding Loans: ₹476.99 crore
  • Annual Business Turnover: Over ₹2,956 crore

The Society posted a net profit of ₹15.47 crore for the year and declared a 15% dividend for its members.

As part of its community service initiatives, the Society honored 13 civic workers serving near its head office and felicitated Ms. Deeksha V. of Arooru, Brahmavar, who entered the Golden Book of World Records by performing continuous Bharatanatyam for 216 hours.

Recognized for its excellence, the Society recently received the “Sadhana Award” at the Annual General Meeting of the SCDCC Bank Ltd, Mangaluru, for its all-round progress in 2024-25. This marks the 19th consecutive year that the Society has won a district-level award, adding to its record of 2 national awards and 9 state awards.

Highlighting its digital initiatives, the Society introduced the “Chetana Mobile App”, offering secure mobile banking services. In addition, daily deposit collections are now enabled through the Pigmy Mobile App. Officials noted that the Society continues to invest in modernization while allocating nearly ₹25 lakh annually for education, healthcare, cultural, and social activities.

The Society also provides a wide range of services, including safe deposit lockers, e-stamping, PAN card facilities, Aadhaar & e-KYC services, Western Union money transfer, health cards, insurance services, missed-call banking, and free SMS alerts.

The meeting was attended by Vice President Mr. George Samuel, Directors Mr. Sanjeev Kanchan, Mr. L. Umanath, Mr. Purushotham P. Shetty, Mr. Haji Sayed Abdul Razak, Mr. Vinay Kumar T.A., Mr. Padmanabha K. Nayak, Mr. Sadashiva Nayak, Mr. Sadhu Salyan, and Ms. Jaya Shetty. The felicitation program was compered by Mr. Naveen K., Manager of the Malpe Branch, and the vote of thanks was delivered by Assistant General Manager Mr. Praveen Kumar.

World Yoga Day Celebrated by Badagabettu Credit Co-operative Society Ltd.

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Badagabettu Credit Co-operative Society Ltd. celebrated International Yoga Day at the Ajjarkad Town (Mini) Hall with great enthusiasm.

The event was inaugurated by the Society’s President, Sri Jayakar Shetty Indrali. Ms. Suneetha Nayak from Art of Living, Manipal, conducted a yoga training session, emphasizing the benefits of regular yoga practice. Ms. Bharati P. Hegde, a staff member of the Society, presented a yoga demonstration.
Board members, Branch Advisory Committee members, Branch Managers, staff, and daily deposit collectors actively participated in the yoga session.

The Society’s General Manager, Mr. Rajesh V. Sherigar, delivered the welcome address. Mr. Naveen K., Branch Manager of the Malpe Branch, compered the event, and Assistant General Manager, Mr. Praveen Kumar, proposed the vote of thanks.

World Environment Day – Drawing Competition

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A program titled “Hasiru Nannuru – Bailuru” was organized on the occasion of World Environment Day at the Bailuru Temple Hall, in collaboration with Bailuru Environment Enthusiasts, Badagabettu Credit Co-operative Society Ltd., Udupi, Udupi District Co-operative Union Ltd, Department of Co-operation, Udupi District, Karnataka State Co-operative Federation, Bengaluru, Kala Kiran Club, Bailuru, Department of Animal Husbandry and Veterinary Services, Udupi, Shri Mahishamardini Temple, Bailuru

Shri Jayakar Shetty Indrali, President of the Badagabettu Co-operative Society, inaugurated the program and spoke in detail about how to keep the environment clean and how each individual can contribute to a better environment. He also appealed to parents to educate their children about environmental awareness from an early stage at home.

The chief guest and resource person, Shri Srinivas Rao, Retired Deputy Secretary of Udupi Zilla Panchayat, explained how cleanliness programs can be organized at the household level and emphasized the responsibilities of citizens in protecting the environment.

Another guest, Tonse Satish Rao, Director of SVC Bank, was present on the dais and delivered a message.

Other dignitaries present on the stage included: Shri Narayana Das Udupa, Secretary of Shri Mahishamardini Temple, Bailuru, Shri Kalathur Ramesh Shetty, Moktesar (temple administrator), Shri Rajesh Sherigar, General Manager of Badagabettu Co-operative Society, Mrs. Anusha Kotian, CEO of Udupi District Co-operative Union.

Over 250 students participated in the drawing competition, and prizes were distributed to the winners on stage.

Shri Praveen Kumar, Assistant General Manager of Badagabettu Society, welcomed the guests and hosted the program. Shri Durgaprasad proposed the vote of thanks.

International Year of Cooperatives – 2025 Theme: “Cooperative Societies Build a Better World” ‘Ek Ped Maa Ke Naam’ – A Pledge to Plant Trees for a Greener Environment

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To mark the International Year of Cooperatives– 2025, under the theme “Cooperative Societies Build a Better World”, a special program titled “Tribute to Dr. V.S. Acharya on his Birth Anniversary and ‘Ek Ped Maa Ke Naam’ – A Pledge to Plant Trees for a Greener Environment” was organized.
The event was jointly conducted by:
  • Karnataka State Cooperative Federation Ltd., Bengaluru.
  • Udupi District Cooperative Union Ltd., Udupi.
  • Badagabettu Credit Co-operative Society Ltd., Udupi.
  • The Bharat Scouts and Guides, Karnataka District Association, Udupi.
  • Department of Cooperation, Udupi District.

The program was held at the Bharat Scouts and Guides Dr. V.S. Acharya District Training Centre, Pragati Nagar, Manipal.

Sri B. Jayakar Shetty Indrali, President of Badagabettu Credit Co-operative Society Ltd., Udupi, President of Udupi District Cooperative Union, and Director of the Karnataka State Cooperative Federation, presided over the function.

Chief Guests included:Dr. Kiran Acharya, Head, Department of Orthopedics, KMC Manipal, Janardhan Kodavoor, Scout Commissioner, Bharat Scouts and Guides, Udupi District, Sri Arun Kumar Shetty, President, Udupi Industrial Co-operative Society Ltd., Sri Narayana Ballal, President, Kodavoor Agricultural Service Cooperative Society Ltd., Sri Y. Sudhir Kumar, President, Padubidri Vyavasayika Society Ltd., Padubidri, Sri Ashok Shetty Mairmadi, President, Udupi T.A.P.C.M.S. Ltd., Sri Yatheesh Kumar, President, Alevoor Gram Panchayat, Sri Mohan Upadhyaya, President, Canara Credit Co-operative Society Ltd., Sri Suresh Shetty, President, Guru Nithyananda Credit Co-operative Society Ltd., Udupi, Sri Harish Kini, Director, Udupi District Cooperative Union Ltd., Board Members of Badagabettu Credit Co-operative Society, and Sri Rajesh V. Sherigar, General Manager, Badagabettu Credit Co-operative Society Ltd.

Also present at the event was Mrs. Anusha Kotian, Chief Executive Officer of Udupi District Cooperative Union Ltd., Udupi.

Distribution of Notebooks, Educational Materials, Felicitations & Saplings to School Children

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Udupi: Badagabettu Credit Co-operative Society Ltd., Udupi, recently organized a grand event at Ajjarkad Town Hall, where free notebooks, educational materials, and uniforms worth approximately ₹15 lakhs were distributed to Kannada medium school students. Students who secured high marks were felicitated, and saplings were distributed as part of a green initiative.
The event was inaugurated by Udupi Tahsildar P. Gururaj. Ms. Lavanya K.R., Deputy Registrar of Co-operative Societies, Udupi district, addressed the gathering. Other dignitaries present included Udupi City Municipal Corporation Environmental Engineer Raviprakash, Udupi District Co-operative Union CEO Anusha Kotian, Society Vice President George Samuel, Directors Purushotham P. Shetty, Jaya Shetty, Sadashiva Naik, L. Umanath, Vinay Kumar T.A., and Abdul Razak.
Highlights of the Program:
  • Felicitation of students who excelled in SSLC and II PUC examinations.
  • Distribution of free notebooks, uniforms, and educational materials to students from 35 Kannada medium schools.
  • Launch of a sapling distribution drive under the theme “Ek Ped Maa Ke Naam” (One Tree in the Name of Mother), part of the International Year of Cooperatives 2025.
  • Environmental awareness campaign and poster unveiling.
  • Announcement of rewards for students who take good care of the saplings.
Society President B. Jayakar Shetty Indrali announced that ₹25 lakhs are allocated annually from the Society’s profits for socially impactful initiatives under the motto “Give back to the source from where you drew”.
Motivational Session:

Trainer Rajendra Bhat K. encouraged students to treat their talent as capital and build self-confidence. He shared the inspirational stories of: Saalumarada Thimmakka, who planted and nurtured over 1,300 trees, Harekala Hajabba, who built a school by selling oranges, Palak Muchhal, who helped fund heart surgeries for 1,300 children through her musical talent.

Society President B. Jayakar Shetty Indrali delivered the welcome and introductory remarks. The event was anchored by Naveen K., Manager of the Malpe branch, and the vote of thanks was delivered by Rajesh V. Sherigar, General Manager of the Society.

Skill Development Training Workshop for Society Staff

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A special one-day training workshop was recently organized by the Badagabettu Credit Co-operative Society for its staff members at the Hotel Diana conference hall in Udupi. The training was conducted by Mr. Sreesha K.M. from Mastermind Enterprises, a renowned training organization based in Mangalore.

The event was inaugurated by the Society’s President, Mr. Jayakar Shetty Indrali, who emphasized that “Customers are our God.” He stated that such training sessions are essential to adapt to modern changes, manage stress effectively, and provide cheerful and high-quality service to customers while enhancing skills.

During the program, staff members from various branches who achieved the targets set for the financial year 2024–25 were recognized and honored. The event was graced by the Society’s Vice President Mr. George Samuel, Directors Mr. Purushotham P. Shetty and Mr. Sadashiva Naik, and Mr. V.K. Hebbar from Mastermind Enterprises.

The General Manager, Mr. Rajesh V. Sherigar, welcomed the gathering, while Assistant General Manager, Mr. Praveen Kumar, hosted the program. Mr. Naveen K., Branch Manager of Malpe branch, delivered the vote of thanks.

Udupi’s Prestigious Badagabettu Credit Co-operative Society Records ₹2,935 Crore Annual Transactions in 2024–25, Earns ₹19.37 Crore Profit

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Udupi’s Prestigious Badagabettu Credit Co-operative Society Records ₹2,935 Crore Annual Transactions in 2024–25, Earns ₹19.37 Crore Profit

Jayakar Shetty Indrali, President of the esteemed cooperative institution of the state—Badagabettu Credit Co-operative Society, Udupi—announced at a press conference that the society recorded an annual transaction of ₹2,935 crore in the financial year 2024–25, earning a profit of ₹19.37 crore.

The society, which has been rendering meaningful service in the cooperative sector for 107 years, had a share capital of ₹4.83 crore from 21,519 members at the end of the 2024–25 fiscal year.

₹1,050 Crore in All-Time Record Transactions

By the end of the reporting year, the society had collected ₹573 crore in deposits, marking a 12.45% increase over the previous year. Loans were disbursed to members for house construction, vehicle purchases, land acquisition and development, commercial complex and residential apartment construction, self-employment, education, marriage, gold mortgage, and home repairs, based on appropriate documentation. The outstanding loan amount stood at ₹477 crore, reflecting an 18.62% increase from the previous year.

The society possesses reserves of ₹95.18 crore, investments of ₹229.73 crore, and working capital of ₹673.20 crore. Operating across 11 branches, 8 of these are located on the society’s own premises. A 12th branch is set to open soon in the heart of Kundapura, where the society has already purchased its own office space.

The society has received numerous accolades, including 2 national awards, 9 state-level awards, and 18 undivided Dakshina Kannada district-level awards, establishing itself as a successful credit society. Not merely profit-driven, it also undertakes social welfare programs, spending around ₹20 lakhs annually on education, health, and community initiatives.

Chetana Mobile App

As a step toward digitization, the society developed the “Chetana Mobile App”, enabling customers to transfer funds via IMPS/NEFT/RTGS, transfer funds to RD and loan accounts, and access information about new schemes. The app, available on Google Play Store and Apple App Store, has received a positive response from users. Customers are encouraged to visit their nearest branch for more information

In line with modernization, daily deposit collections are now also done through a mobile app (Pigmy Mobile App). All branches offer services like safe locker facilities, e-stamping, PAN card services, money transfer, Lombard and Manipal health cards, health and general insurance, “zero balance” student accounts, missed call service, and free SMS alerts. For more updates, customers can visit www.badagabettusociety.com.

Future Goal – ₹1,500 Crore in Transactions

For the upcoming financial year, the society has set a goal of achieving ₹800 crore in deposits and ₹700 crore in outstanding loans, totaling ₹1,500 crore in business. It is also planning to construct a “Sahakara Soudha” at an estimated cost of ₹10 crore on a 1-acre property purchased in the heart of Udupi.

Branch advisory committees have been established at every branch, and each committee will work on implementing new schemes under the guidance of their members

Present at the press conference were Vice President George Samuel, Board Members Sanjeeva Kanchan, Purushotham P. Shetty, Umanath L., Vinay Kumar T.A., Padmanabha Nayak, Syed Abdul Razak, Sadashiva Nayak, Manohar S. Shetty, Sadhu Salyan, Jaya Shetty, Gayatri S. Bhat, General Manager Rajesh V. Sherigar, and Assistant General Manager Praveen Kumar.

World Health Day Celebration – 2025 (Free Health Check-up Camp)

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Dr. Basavaraj Hubballi, District Health and Family Welfare Officer, stated that every individual should not only be informed about health education but also lead a healthy life by maintaining good health. He was speaking at the World Health Day event held on Monday at Christian English Medium School in Udupi. The event was organized jointly by the District Health and Family Welfare Department, National Health Mission, Badagabettu Credit Co-operative Society, District Survey Unit (NCD Unit), District Hospital (NCD Division), Christian English Medium School (Mission Hospital Road, Udupi), Indian Medical Association (Udupi-Karavali), Office of the Deputy Superintendent of Police (Subdivision), and A.J. Hospital and Research Centre, Mangaluru.
Jayakar Shetty Indrali, President of the Badagabettu Credit Co-operative Society, Dr. Vasudev, Resident Medical Officer of the District Hospital, and Dr. Anjali, District NCD Coordinator, addressed the gathering. District Surgeon Dr. Ashok presided over the event.
Students from New City College of Nursing performed a short play (skit) on health awareness. Dr. Vasudev Upadhya, Udupi Taluk Health Officer, Dr. Suresh Shenoy, President of the Indian Medical Association (Udupi-Karavali), Dr. Kamalaksha Shenoy, Head of Radiation Oncology Department, A.J. Hospital, Rajesh Sherigar, CEO of Badagabettu Credit Co-operative Society, Helen, Principal of Christian English Medium School, PSI Eeranna, Manu S.B. (Counselor, District Hospital), faculty, staff and students from New City College of Nursing, District Hospital staff, the general public, and other dignitaries were present.
Health Education Officer Shashidhar welcomed the gathering. Health Inspector Satish Rao compered the event, and Health Education Officer Chandrakala gave the vote of thanks.

The camp included services like diabetes screening, blood pressure check, cardiac examinations (ECG), cervical cancer screening, breast cancer screening, oral cancer and dental check-up, eye check-up, ENT screening, and lifestyle modification counseling.
There were also sessions on the harmful effects of tobacco and physiotherapy services provided.
Public awareness was created through a short play titled “Health is Wealth”, focusing on the importance of World Health Day.
Songs were used to raise awareness about lifestyle changes, preventive health measures, and the importance of physical exercise.

Badagabettu Credit Co-operative Society: Felicitation of Marpalli Shankar Sherigar

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Udupi: Marpalli Shankar Sherigar, who has served the Badagabettu Credit Co-operative Society for a long time, was felicitated by the organization. Initially appointed on a temporary basis, Shankar Sherigar gradually rose through the ranks, serving as Junior Clerk and then Senior Clerk. He later worked as a Branch Manager in various branches and also served diligently in the loan recovery department and as a Sales Officer. Now retired as a Branch Manager, Shankar Sherigar was honored by the society for his dedicated service. The President of the Badagabettu Credit Co-operative Society, B. Jayakar Shetty Indrali, Vice President George Samuel, General Manager Rajesh V. Sherigar, along with the board members and staff, extended their best wishes for his future filled with success and well-being.