Bank Profile

The Burdwan Central Co-operative Bank Ltd. was established on 26 th January, 1917 with a paid up share capital of Rs. 8000/-. The Bank had at that time only 17 Primary Agriculture Credit Societies and 51 individuals as members. The then District Magistrate, Mr. P.H. Waddal, I.C.S. was the 1 st Chairman of the Bank. The Bank started functioning at the Western Veranda of Zilla Parishad and later shifted to one room of the Burdwan Town Hall and thereafter a portion of to District Magistrate Office. Bank’s own building in the present premises was constructed in 1934 and renovated in 1960. A new building has been constructed subsequently the foundation stone of which was laid by Sri Jyoti Basu, Hon’ble Chief Minister of the Govt. of West Bengal on 16 th . May 1987 and the building was inaugurated by HIS EXCELLENCY Dr. Sayed Nurul Hassan, the Governor of west Bengal on 16 th April, 1990 . Since inception of the Bank the authorities of the Bank received ample support and endless cooperation from the Zilla Parishad and District administration and the same tradition has been continuing till now.

The object of the bank is to mop up deposits from the public and to utilize the funds including own funds, after keeping the statutory minimum cash reserve and liquid asset in terms of law in financing mainly Agriculture and other allied activities, cottage and small scale industries including handloom and other priority sectors of the district.

Consequent upon increase in the business, the bank has entered into the activities of Housing Loan, Marketing Finance, other business finance and advance against Govt. Securities. The Bank mainly concentrates its activities on serving the poor people of the District and with that aim in view the resources of the Bank are utilized. The bank has extended its service to the customers through a network of 38 (thirty-eight) branches of which 10 (ten) branches are fully computerized. All the branches are covered with computerized Management Information System (M.I.S.) network. .

It is worthy to mention that the elected management took a scientific and prudent view to do away with the traditional recruitment process and arranged recruitment of bank staff through Banking Service Commission. Presently, the recruitment is done by Co-operative Service Commission, W.B. as per statute.

The Bank has provided 75% of the total crop loan issued by all banks together in the district . 80% of the Agricultural loans have been given to small and marginal Farmers including Patta Holders and Bargadars. With the help of District Rural Development Authority and Panchayet functionaries this bank has played an important role in converting about 49,000 acres of land from single crop area to multiple ones by advancing finance for installation of 3239 nos. of Mini Deep Tube wells in this district. Other 1228 nos. of Mini Deep tube wells already sanctioned by the bank are awaiting electrification out of which 410 have been earmarked by the Zilla Parishad and WBSEB for immediate energisation. Uptill now 225 MDTWS have already energized.

The Bank has started formation of Self-Help Groups by poor people each having a minimum number of 5 and maximum 20 members. 11751 such groups have been formed till 31.08.2006 of which female group 8612. Total no. of member 88714 of which female members 67674. 4615 groups have linked with credit.

The Bank is the 1 st Bank of the Eastern Region of our country in the Cooperative Sector to introduce Kishan Credit Cards to Farmers in June, 1999. Uptil now 138276 Kishan Credit Cards have been issued.

Recovery of loan is one aspect of which all the Bankers clamour. In our case this is not at all a problem. The collection of Agricultural loan alone has exceeded 85% during the last ten years. This year Collection percentage is 89.80%.

For some long period there had been no election of Board of Directors in the Bank since 1972 because of litigation. The elected Management took over charge on 12 th June, 1985 and since then elections are being held regularly in terms of provisions of Co-operative Act and Rules. At the time of taking over charge the deposit position of the Bank was 30 crores and recovery performance of agricultural loan was only 37%. Now the deposit of the Bank has increased to Rs. 627 crores and recovery performance of Agril. Loan has been raised to the level of 87.1% on an average over the last three years.