The Karimnagar DCCB with its head quarters at Karimnagar was established in the year 1921 affiliated to A.P.State Coop.Bank Ltd., Hyderabad is one of the pioneering institutions in the State of A.P catering to the needs of agriculture credit of the farming community of the Karimnagar district which is considered to be the fast developing district in the state of Andhra Pradesh.
The bank provides loan to the farming community in the district for Agricultural production for mainly sugarcane, Groundnut, and paddy crops and development credit for minor irrigation farm mechanization Horticulture, Dairy, Poultry, sericulture etc., weavers through Hand loom and silk weavers credit societies.
Apart from Rural development, Bank provides assistance for SHGs, RMGs, SGSY, weavers groups and govt. sponsored schemes.
The bank provides banking services to semi urban and rural Population through its attractive deposit schemes and providing other services like, safe deposit lockers, cash credits, insurance facilities.
Our Vision: RURAL PROSPERITY
The Cooperative banks in India started functioning almost 100 years ago. These banks were conceived as substitutes for money lenders, to provide timely and adequate short-term and long-term institutional credit at reasonable rates of interest.
We are moving ahead with a vision “RURAL PROSPERITY” and dedication to serve the rural masses, the deprived and denied, retail and agriculture sectors through improved processes to uplift and for the development of the rural community.
We feel that the exponential growth of Cooperative Banks in India is attributed mainly to their much better local reach, personal interaction with customers, their ability to catch the nerve of the local people/clients with a effort to create a new type of institution based on the principles of co-operative organisation and management, suitable for problems peculiar to local conditions.
The success of the Cooperatives does make a difference in people’s Economic, Social and Cultural lives. It has the potential to compliment the roles of Public, Private Sectors and mobilizing the capacities of individual households. It is for this reason too that the Govts. should provide an enabling environment for the Development of Cooperatives.
KONDUR RAVINDER RAO