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Badagabettu Credit Co-operative Society, Udupi: ₹15.23 Crore Net Profit

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Badagabettu Credit Co-operative Society, Udupi, recorded a net profit of ₹15.23 crore for the financial year 2023-24. The society announced a 15% dividend for its members at the Annual General Meeting held at Ajjarkadu Town Hall, Udupi. The meeting was presided over by Society President Jayakar Shetty Indrali.

Annual Report Highlights

General Manager Rajesh V. Sherigar presented the annual report and financial statements, noting the following key achievements:
  • The society has 18,309 members with a share capital of ₹4.77 crore.
  • Deposits stood at ₹509.55 crore, while outstanding loans amounted to ₹402.12 crore.
  • The total annual turnover exceeded ₹2,500 crore for the financial year 2023-24.

Felicitation Ceremony

The society recognized and felicitated 24 selected pourakarmikas from the City Corporation for their dedicated service.

Notable Attendees

Prominent attendees included Vice-President George Samuel and managing committee members L. Umanath, Purushottam Shetty, Haji Syed Abdul Razzaq, Vinay Kumar T.A., Padmanabha K. Nayak, Sadashiva Naik, Manohar S. Shetty, Sadhu Salian, Jaya Shetty, and Gayathri S. Bhat.

Program Details

The program was moderated by Malpe Branch Manager Naveen K., while Praveen Kumar, Assistant General Manager, proposed the vote of thanks

Gandhi Jayanti Jatha and Cleaning Programme

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Udupi, October 2: Deputy Commissioner Dr. K. Vidyakumari emphasized that the principles of truth, peace, and non-violence espoused by Mahatma Gandhi remain timeless and relevant. She urged everyone to integrate these values into their lives and commemorate Gandhi Jayanti with meaningful tributes.
The event was jointly organized by the District Administration, Zilla Panchayat, Information and Public Relations Department, City Corporation Udupi, Bharat Scouts and Guides Karnataka District Institute, Badagabettu Credit Co-operative Society, Udupi District Co-operative Union, Udupi District Samasta Sahakari, and other organizations under the aegis of the Archaeological Research Centre. Collaborative support was also provided by Leo District 317C, Christian PU College, Lions Club Udupi Indrali, Lions Club Udupi Chetana, and Lombard Memorial Mission Hospital, Udupi.
Dr. Vidyakumari inaugurated the valedictory function of the district-level 155th Gandhi Jayanti programme by spinning the charkha, symbolizing Gandhi’s ideals of self-reliance.

Keynote Messages

Dr. Vidyakumari remarked, “True cleanliness is both internal and external. Mahatma Gandhi’s journey from an ordinary individual to a global leader offers life lessons on perseverance and humanity. His experiences in South Africa inspired him to challenge oppression and shaped his non-violent resistance against British rule, which became an inspiration for India’s freedom fighters.”
Jayakar Shetty Indrali, District Chief Commissioner of Bharat Scouts and Guides, highlighted Gandhi’s commitment to cleanliness, stating that these efforts should not be confined to a single day but practiced daily to instill discipline, self-restraint, and community service from childhood.
Prasad Rao M., Associate Professor at Government First Grade College, Thenkanidiyur, reflected on Gandhi’s contributions, noting, “Today marks a significant day in India’s history, celebrating both Gandhi Jayanti and the birth anniversary of Lal Bahadur Shastri, a leader of bold decisions. Gandhi’s ideals of equality and non-violent resolutions inspire us to treat everyone with respect and dignity.”

Celebrations and Recognitions

  • Essay Competition Winners:
    • High School Category: Sakshi Kulal (1st), Maithri (2nd), Shivani (3rd).
    • Pre-University Category: Rakshita Bhat and Pannidhi D. Saini (joint 1st), Shetty (2nd), Divya (3rd).
    • Graduate and Postgraduate Category: Bheemambika (1st), Amisha (2nd), Ashwini D.S. (3rd). Winners received cash prizes, citations, and a commemorative poster on Mahatma Gandhi.
  • A special felicitation ceremony was held to honor the 24 selected pourakarmikas for their dedicated service.

Programme Highlights

The celebrations included a cleanliness drive at the old KSRTC bus stand, organized in collaboration with the district administration and associated groups. A cleanliness jatha started at 8:30 am from the clock tower near the service bus stand, culminating at the Town Hall in Ajjarkadu. Participants included students, scouts and guides, and office-bearers of various organizations who promoted cleanliness through slogans during the march.

Dignitaries and Contributors

The event was attended by prominent figures, including Additional Deputy Commissioner Mamta Devi G.S., ASP S. Sudhakar, Municipal Commissioner Rayappa, and others. Representatives from the Lions Club, Badagabettu Credit Co-operative Society, and various district-level officers also participated.
The gathering was welcomed by Municipal Commissioner Rayappa, with the program moderated by Dayananda and a vote of thanks proposed by District Information Officer Manjunath B.

District-Level Teachers’ Day 2024 at Vijetha Special School

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The district-Level Teachers’ Day 2024 celebrations were hosted at Vijetha Residential Special School and Vocational Education Training Institute, Karkala. The event, organized by Badagubettu Credit Co-operative Society Ltd., featured a throwball tournament and various sports competitions for special school staff.
Association President Jayakar Shetty Indrali inaugurated the program by lighting the lamp. Distinguished guests included:
  • J.C. Girish Rao, President of Chhatrapati Foundation
  • Mr. Rotarian Iqbal Ahmed, President of Rotary Club Karkala
  • Agnes Kunder, Honorary President of Karnataka State Special Teachers Non-Teaching Association
  • Dr. Kanti Harish, State President
  • Sumana Shekar, State Organizer of Scouts & Guides
  • Ravindra H, District President of Special Teachers Non-Teaching Association
  • Shashikala Kotian, Secretary
About 15 staff members from Udupi district’s special schools participated in the event. Eleven special teachers and non-teaching staff with over 10 years of dedicated service were felicitated.
Dr. Kanti Harish welcomed the gathering, Smt. Harshitha Kiran anchored the program, and Ravindra H proposed the vote of thanks.

Rakshabandhan Celebration

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Rakshabandhan was celebrated in a unique manner at the Jagannatha Auditorium, organized in collaboration with Namma Sangha and Prajapita Brahmakumari Ishwariya Vishwavidyalaya, Udupi Ajjarkadu Centre.
Brahmakumari Suma shared a thought-provoking message on the significance of Rakshabandhan. The event featured the ceremonial tying of rakhis and distribution of sweets.
Prominent attendees included Association President Sri Jayakar Shetty Indrali, Prajapita Brahmakumari representatives Y. Mohan and Ratnakar Kini, branch managers, and staff. General Manager Rajesh Sherigar welcomed the gathering, and Assistant General Manager Praveen Kumar compered the program.

Badagabettu Co-operative Society Honoured with Sadhana Award for 18th Consecutive Year

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Badagabettu Co-operative Society Ltd., Udupi, under the leadership of President Indrali Jayakar Shetty, has been awarded the Sadhana Award by the Dakshina Kannada District Central Co-operative Bank for the 18th consecutive year. The society also received a Gold Medal for achieving deposits exceeding ₹500 crores during the financial year 2023-24.
The awards were presented during the Annual General Meeting of the Dakshina Kannada District Central Co-operative Bank. President Indrali Jayakar Shetty and General Manager Rajesh Sherigar accepted the honors from Mr. Rajendra Kumar.

Tributes to Retiree Arun Kumar S.V.

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A felicitation ceremony was held by the Badagabettu Credit Co-operative Society of Udupi for Arun Kumar S.V., who retired as the Assistant Registrar of Co-operative Societies. The event took place at the Mini Hall of Ajjarkadu Purabhavana in the city.
The chief guests at the ceremony were Sukanya, Assistant Registrar of Co-operative Societies, Kundapura Sub-Division, and Raviraj Hegde, Director of KMF. During the event, Jayakar Shetty Indrali, the president of the society, was also honored for being appointed as the Chief Commissioner of the Bharat Scouts and Guides District Association, Udupi.
The chief guests at the ceremony were Sukanya, Assistant Registrar of Co-operative Societies, Kundapura Sub-Division, and Raviraj Hegde, Director of KMF. During the event, Jayakar Shetty Indrali, the president of the society, was also honored for being appointed as the Chief Commissioner of the Bharat Scouts and Guides District Association, Udupi.
Prior to the felicitation ceremony, a training session on personality development and skill enhancement was conducted for the society’s staff by M.D. Vishwanath Nair, the retired Managing Director of Dakshina Kannada District Central Co-operative Bank.
The society’s General Manager, Rajesh V. Sherigar, welcomed the guests, and the Deputy Manager, Praveen Kumar, delivered the felicitation speech for retired Arun Kumar S.V. The event was hosted by Naveen K., the branch manager of the society’s Malpe branch. Vice President George Samuel expressed his gratitude and delivered the vote of thanks.

Financial Contribution of Rs. 12 Lakh for Educational Support

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Badagabettu Credit Co-operative Society Ltd., a renowned cooperative society in Udupi, is recognized for its notable achievements in cooperative services, addressing societal aspirations, and offering extensive social and economic support with a selfless and responsible approach.
As part of its commitment to education and social service, the society sanctioned Rs. 12 lakh for students of Kannada medium schools in the district. This initiative included the distribution of valuable notebooks, educational materials, and recognition under the “Pratibha Puraskar” program. The event was held on Saturday, 22nd June 2024, at Ajjarkadu Town Hall, Udupi.
Udupi ASP, S.T. Siddalingappa, inaugurated the event and emphasized the importance of continuous learning beyond textbooks to achieve success and develop the ability to face competitive exams. He encouraged students to cultivate habits such as reading newspapers and literary works to acquire essential life skills. Speaking at the event, Deputy Director of the Department of School Education and Literacy, Mr. Ganapati, highlighted the importance of setting clear goals and working hard to achieve them.

Event Highlights and Speeches

Udupi ASP, S.T. Siddalingappa, inaugurated the event and emphasized the importance of continuous learning beyond textbooks to achieve success and develop the ability to face competitive exams. He encouraged students to cultivate habits such as reading newspapers and literary works to acquire essential life skills. Speaking at the event, Deputy Director of the Department of School Education and Literacy, Mr. Ganapati, highlighted the importance of setting clear goals and working hard to achieve them.

Recognition and Distribution

Outstanding students were felicitated for their achievements:
  • SSLC: Sanketa H.S., Samarth Joshi, Chinmayi Pai, and Srivatsa V.
  • PUC: Marcus Frank Mapranny, Srishti V., Ashwin Prem, Satwik V. Shetty, Vaibhavi Acharya, and Deepali Sherigar.
Additionally, subsidies and educational aids were provided to various institutions:
  • Malpe Karunya Special Children’s School (Computer Equipment)
  • Indiranagar UBM Christa Karunya Church (Water Chiller)
  • Mulur Uchila CSI Unity High School (Samavastara)
  • Brahmavar Kumragodu SHP School (Subsidy for School Building Construction)
  • Budnar Aided HP School (Samavastara, Educational Equipment)
  • Kukkikatte Private Aided HP School (Subsidy)
Free notebooks were distributed to students from over 35 Kannada medium schools in the district.

Attendees and Acknowledgments

The event was graced by Vice-President George Samuel, Centenary Committee Convenor Purushottam P. Shetty, and board members Sanjeev Kanchan, L. Umanath, Syed Abdul Razzaq, Vinay Kumar T.A., Padmanabha Nayak, Manohar S. Shetty, Sadhu Salian, Sadashiva Naik, Jaya Shetty, and Gayathri S. Bhat.
General Manager Rajesh V. Sherigar delivered the welcome address, while Malpe Branch Manager Naveen K. and Assistant General Manager Praveen Kumar proposed the vote of thanks

Annual General Body Meeting 2019-20 :15% Dividend Declared

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State Award: “Best Co-operative Society”

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International Women’s Day

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Under the sponsorship of the association, International Women’s Day was celebrated on March 11, 2018, at the Ammanni Ramanna Shetty Hall. The event was inaugurated by Akshaya Gokhale, a lecturer from Karkala.

The program was attended by Jayakar Shetty Indrali, General Manager of Badagabettu Credit Co-operative; Sheela K. Shetty, Vice President of the Zilla Panchayat; Tallur Shivaram Shetty of the Tallur Family Trust; Girija Shivaram Shetty, President of the Malpe Lions Club; Veena Shetty, President of the Shankarapura Bantara Women’s Forum; and members of the Women’s Associations Union, including Vasanthi Rao Koradkal, Radha Das, Mamatha S. Shetty, and Geetha Ravi.