Managing Director Say

Managing Director message: The basic object of the bank is to raise resources through public deposit and to utilize the same by issuing production and investment credit through member co-operative societies in the district. Small and marginal farmers including rural artisan, small businessmen and members of the Self-Help Groups are the target groups for whom the bank stands side by side; the efforts of the Government for employment generation is also supplemented. The bank is making untiring efforts for augmenting financial inclusion through its 24 branches and PACSs which are also extended arms of the co-operative network. The surplus fund is judicially deployed in terms of existing rules and regulations.

Another objective is welfare maximization by increasing the flow of resources to the underprivileged sector by integrating the priority sector with the overall domestic financial markets. Central Co-Operative Bank Ltd, Ara has the objective of making inroads into varied spheres of development, while retaining a focus on low-income group and related issues. Central Co-Operative Bank Ltd, Ara has been engaged in micro-finance lending Operations in Weaker-Section through Self Help Groups.

Cooperatives are based on the values of self responsibility, democracy equality and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring of others.