Professional Documents
Culture Documents
Banking
Banking
The Gujarat State Cooperative Bank was established in year 1960 and registered under the
Gujarat State Cooperative Societies Act 1961. The Bank is already enjoying the status of a
Scheduled Bank and having requisite Banking License. Nearly 28 Lacs farmers of 8100 PACS
affiliated with GSCB through 17 DCCBs and a co operative banking union are enjoying credit
facilities. GSCB has a consistent history of receiving awards from NAFSCOB for its best overall
performance and corporate governance . It has been receiving such awards in the past as well as
for last four consecutive years.
It has also received the award as the Institution among the Best Performing Co-operative
Organisation from the National Co-operative Union of India New Delhi.
Farmer’s Hostel
Specially for Gujarat Farmers who visit to Ahmedabad or Gandhinagar for their routine or
special work, Bank has establish a Farmers Hostel having 58 rooms with capacity of 300 persons
with in house catering facility at a concessional rate. By establishing / providing such facility
Bank’s aim is to provide affordable accommodation in Ahmedabad city to the farmers.
Agricultural loans @ 7 %
Stalls were organized by GSCB during Vibrant Gujarat and Agritech Global Summits, which
were visited by the farmers, PACS officials, other bankers and general public from all the
corners of the state. Information relating to various credit facilities available through the co. op.
credit structure,planting the appropriate crops, modern and new farming techniques for raising
the quantum and quality of the produce, related occupations, new equipment’s and machines /
tools, assistance schemes, ‘sakhi mandals’ , self help groups was imparted personally and
through small booklets/pamphlets in these stalls
Educational / Training Seminars are organized for staff and office bearers of DCCBs, PACS and
UCBs. on various important subjects like KYC, ALM, PMLA, Forged Notes, BASEL II & III,
NPA- Recovery, Deposits, Advances, CTS, CIBIL, Motivation and on guidelines issued by
NABARD / RBI guidelines / changes in banking parameters, agricultural development and
related plans . 32 such training seminars / CEO meetings were organized by the bank and
informative books / study material was distributed to the participants. Special training programs
are also being held for Chairman &Secretaries of PACS, approx 8100 PACS are covered under
this training.
Agricultural Advances Economic backward class people of the society who could not approach
bank individually for their different financial needs. They formed the groups of members and
linkage with the bank. The group collects the saving of members and keep deposit with the bank.
The DCCBs provide their financial needs. In addition to that, this three tier Co-Operative
structure implements the State Govt. ‘Sakhi Mandal’ programs for economic / social backward
class women.
Agricultural Advances The DCCBs have to maintain Statutory Liquidity Reserve (SLR) @ 25%
of their Time & Demand Liabilities (DTL) as per B.R. Act, 1949. The deposits of DCCBs with
this bank are considered as their SLR investment.
Khedut Shibir
The Apex Bank and the DCCBs jointly organize the Khedut Shibirs to guide farmers and
members of PACS regarding the new crops, new farming techniques, their problems of farming
and investment credit for their farming