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The Maharashtra State Co-operative Bank

Discuss The Maharashtra State Co-operative Bank within the Management Of Co-operatives ( MOC ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; The Maharashtra State Co-operative Bank The Maharashtra State Co-operative Bank (MSC Bank) was originally registered as the Bombay Urban Credit ...

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The Maharashtra State Co-operative Bank
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Sunanda K. Chavan
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The Maharashtra State Co-operative Bank - September 28th, 2010

The Maharashtra State Co-operative Bank


The Maharashtra State Co-operative Bank (MSC Bank) was originally registered as the Bombay Urban Credit Society on 23.01.1906.


The MSC Bank is playing the role of an Apex Bank of the co-operative movement in the Maharashtra State since 1954. It has been helping agricultural credit co-operatives, agricultural processing co-operatives etc.


The main object of the Bank is to “promote, propagate co-operative common-wealth in Maharashtra State through socio-economic transformation by democratic means and co-operative principles."


Thus, the MSC Bank provides re-finance facility to about 30 District Central Co-operative Banks which primarily cater to the needs of the agricultural sector in the State.


The Bank also promotes finance to artisans; Agro-industrial co-operatives especially sugar factories, spinning mills by providing medium term loans as well as interim loans.


The Bank has supported banking facilities to about 340 urban co-operative banks in the State by providing credit limits.


The Bank also sanctions working capital to the urban banks. The Bank, thus, has served the co-operative sector and has helped it to achieve sustained growth over last nine decades.
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Re: The Maharashtra State Co-operative Bank - February 25th, 2016

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Originally Posted by sunandaC View Post
The Maharashtra State Co-operative Bank


The Maharashtra State Co-operative Bank (MSC Bank) was originally registered as the Bombay Urban Credit Society on 23.01.1906.


The MSC Bank is playing the role of an Apex Bank of the co-operative movement in the Maharashtra State since 1954. It has been helping agricultural credit co-operatives, agricultural processing co-operatives etc.


The main object of the Bank is to “promote, propagate co-operative common-wealth in Maharashtra State through socio-economic transformation by democratic means and co-operative principles."


Thus, the MSC Bank provides re-finance facility to about 30 District Central Co-operative Banks which primarily cater to the needs of the agricultural sector in the State.


The Bank also promotes finance to artisans; Agro-industrial co-operatives especially sugar factories, spinning mills by providing medium term loans as well as interim loans.


The Bank has supported banking facilities to about 340 urban co-operative banks in the State by providing credit limits.


The Bank also sanctions working capital to the urban banks. The Bank, thus, has served the co-operative sector and has helped it to achieve sustained growth over last nine decades.
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