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.
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.