The object of the bank is to mop up deposits from the public and to utilize the funds including own funds, after keeping the statutory minimum cash reserve and liquid asset in terms of law in financing mainly Agriculture and other allied activities, cottage and small scale industries including handloom and other priority sectors of the district.
Consequent upon increase in the business, the bank has entered into the activities of Housing Loan, Marketing Finance, other business finance and advance against Govt. Securities. The Bank mainly concentrates its activities on serving the poor people of the District and with that aim in view the resources of the Bank are utilized. The bank has extended its service to the customers through a network of 38 (thirty-eight) branches of which 10 (ten) branches are fully computerized. All the branches are covered with computerized Management Information System (M.I.S.) network. .
It is worthy to mention that the elected management took a scientific and prudent view to do away with the traditional recruitment process and arranged recruitment of bank staff through Banking Service Commission. Presently, the recruitment is done by Co-operative Service Commission, W.B. as per statute.
The following table shows the activities of the Bank in different sectors .
No. |
Particulars |
(Amt. in lacs) |
1. |
Crop Loan |
8602.05 |
2. |
a) Medium Term Loan agriculture Minor Irrigation
b) Farm Mechanization |
469.38
278.29 |
3. |
Marketing of Crops (Potato) |
2349.73 |
4. |
Handloom Weavers |
2853.47 |
5. |
Animal Resources Development |
113.78 |
6. |
Transport |
100.45 |
7. |
Engineers and Labour Contract |
1917.87 |
8. |
Employees Credit Societies |
5641.56 |
9. |
Rural Housing |
943.70 |
10. |
Others |
10088.65 |
As on 31.3.2006:: Loan outstanding, Balance as on 31.3.06
