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Overview

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Co-operative Credit Structure

OVERVIEW

  

Co-operative Banks are banks which mainly run to provide financial assistance to economically backward section of society. The major strengths of co-operative banks are their easy local reach, transparent interaction with the customers and their efficient services to common people.

   

PURULIA CENTRAL CO-OPERATIVE BANK LTD. is a financial institution, the main objective is to provide financial support for the needy people and farmers in the rural area.The Bank was registered on 19.09.1947 and commenced its banking business later on.The area of operation of the bank is confined to the entire Purulia district with a network of 8 branches apart from the head office. The bank caters more than 70% of the agricultural credit needs of the farming community in the district. With more than 150 Primary Agricultural Co-operative societies. The bank is doing a laudable service to the farmers and other communities of the district. The expertise gained by the PCCB Ltd. over the years gives them the confidence to come serve up to the expectations of their clients. A unique personal touch in service makes PCCB Ltd. different from others.

   Sri, Ajay Kumar Ram, Addl. RCS, Directorate of Co-operation, Govt. of West Bengal takes over the charges of Special Officer of this Bank of Purulia Central Cooperative Bank Ltd. and the Chief Ececutive Officer who is an Assistant Registrar of Co-operative Societies, Directorate of Co-operation, Govt. of West Bengal controls the entire activities through Head Office of this bank. (Policy making, administration, developmental plans etc.)

GOALS AND OBJECTIVES


VISION and MISSION STATEMENT


Every service that we promise to offer to our customer comes with strong and clear commitment. To put in some simple words, following are some of the way we serve:

FEATURES OF CO-OPERATIVE

Voluntary & open membership

Anyone can join, regardless of caste, creed, or religion.

Democratic control

Management is handled by an elected board, with each member holding one vote regardless of share capital.

Service motive

The primary goal is the welfare of members, not profit maximization.

Limited liability

Members' financial risk is restricted to the amount of capital they have contributed.

cooperative illustration: hands and community

Separate legal entity

Upon registration, the society can own property and enter into contracts independently of its members.

Member economic participation

Members contribute equitably to the capital and share in profits or surplus.

State support & supervision

The government provides oversight and regulation to protect the interests of the members.