The Punjab State Coop Agri Dev Bank Ltd

Описание: The Punjab State Co-operative Agricultural Development Bank Limited, previously known as The Punjab State Co-operative Land Mortgage Bank Ltd. was registered on 26.02.1958, under the Cooperative Societies Act, for granting long term loans to the owners of the land or other immovable property, so as to enable them to discharge their debts, to carry out agricultural improvements and to acquire land for the formation of economic holdings and other purposes so as to promote thrift and self help among them.

At the initial stage, the Bank started functioning through the Central Cooperative Banks by appointing them as its Agents.
The Agency system was discontinued in the year 1962 when 14 Primary Cooperative Land Mortgage Banks , now known as Primary Cooperative Agricultural Development Banks came into existence and were affiliated to the ‘The Punjab State Co-operative Agricultural Development Bank‘, for the purpose of advancing long term loans to the farmers in the State.
At present, the number of the Primary Cooperative Agricultural Development Banks in the State is 89.
Bank contributed substantially in ushering the Green Revolution in the State.
After the Green Revolution, it played a meaningful role in diversification of agriculture by providing loans for the various agricultural allied activities like Dairy, Poultry, Fishery etc. It has contributed significantly in ushering in the White and Blue Revolution .

At present, Bank advances loans for various Farm Sector as well as Non Farm Sector activities.

HEAD OFFICE

The Punjab State Cooperative Agricultural Development Bank Ltd.
SCO 53-54, Sector 17-B,
Chandigarh-160017

Ph : 0172 – 5011708

Fax : 91-172-2705513

Website : http://www.agribankpunjab.org