Bank History

“Self-help through Mutual Cooperation”

Guided by this principle, cooperative societies were formed and have grown over time, contributing immensely to social and economic development. Through cooperative initiatives like “People's Power”, these institutions have reached urban and rural populations, enabling financial inclusion and empowerment.

In the year 1904, under British rule, the Cooperative Credit Societies Act was passed in India, marking the beginning of the cooperative movement. This act allowed for the legal formation of cooperative credit societies in the country, promoting financial cooperation among citizens and laying the foundation for future growth.

In the year 1940, a few visionary individuals took the initiative to establish a cooperative credit society in our locality. With a starting capital of ₹22,025, contributed by 128 members, the institution commenced its operations. Over time, with additional support: Share Capital: ₹59,300 Deposits: ₹35,700 Loans disbursed: ₹34,100 These numbers reflect the steady progress made through the trust and contributions of its members.

The cooperative has significantly contributed to the economic growth of the region, promoting self-reliance and strengthening the financial foundations of its members. The motto has always been to provide service with honesty and transparency.

“Not gold but men can make a nation great and strong” is inscribed as a guiding belief, highlighting the value of dedicated human effort over material wealth in building a prosperous society.

Through committed service, trust, and member cooperation, the bank has achieved sustained progress, becoming a pillar of support for its community.

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