Third ICA/ Japan Training Course for Strengthening Management of Agricultural Cooperatives in Asia: Field Study Visits in India & Thailand - Vol 3,1987-88

Abstract

Apex Bank came into existence as a result of bifurcation of assets and liabilities from the erstwhile Punjab State Cooperative Bank Ltd., on November 1, 1966 for the avowed objective to function as integrated Cooperative Organisation at State level for the provision of credit to the Cooperative for Agriculture, marketing and processing purposes etc. and to ensure efficient performance thereof, besides serving as a balancing centre for the Central Coop. Banks. During the last 22 years, the bank has successfully managed to provide adequate and timely financial accommodate; to the needy farmers and other downtrodden sections of the society in the villages through the central cooperative Bank and Primary Societies. This Bank is a State level Federation of Central Coo| Banks and as such regular membership of the bank is restrid to Central Cooperative Banks and State Govt. All other affiliates have been enrolled as nominal members and enjoy the benefit of borrowing. There are 14 regular member (13 Central Cooperative Banks one State Government) and 1013 nominal members including 990 primary societies at present.