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Chairman’s Message

Dear Friends,
The cooperative sector has been playing distinct and significant role in the process of socio-economic development of the country. Therefore, cooperatives have been accepted as the best agency for agricultural credit with their organizational potential to reach millions of farmers and thereby establish the grass-root contacts. Cooperatives are a major economic force in developed countries and a powerful business model in developing ones.

A three tier system of rural credit consisting of Apex Bank at State-level, Central Cooperative Banks (CCBs) at the district-level and Primary Agricultural Credit Societies (PACSs) at village level is in vogue to meet the short-term and medium-term credit requirements of agriculture and rural economy. The Jind Central Co-operative Bank Ltd. is not only an Bank for the Jind District, but a premier Co-operative Bank and has initiated many fold steps for strengthening Cooperative Credit Structure & Cooperative Banking Sector in the Jind District. The Bank serves as a balancing centre for the cooperatives in the District.

In the present era of Liberalisation, Privatisation and Globalisation, all industries are struggling to overcome challenges posed by the entry of multi-national corporations in our country. In order to meet the challenges, the Cooperative Banks have to find ways and means for improving the quality of the products and the services rendered. The Jind Central Co-operative Bank Ltd. playing a major role in the coop. movement of Jind.

As far as Bank serves as a balancing centre for the surplus resources of co-operatives in the District and thereby ensures their multifaceted development and progress .It also provides normal banking services to its customers by introducing and adopting latest technology like RTGS, NEFT, ATM, SMS Alerts, E-commerce Transactions etc. Besides, granting of loans, the Bank serves as an outlet for investment of the surplus funds of the co-operative societies in the District. The Bank thus began acting as the balancing centre of the Co-operative Movement in the District, safeguarding its interests.

In Haryana, PACS are providing crop loan at the rate of 7% to the farmers. For good paymaster incentive of 3% is being provided by Government of India and incentive of 4% is being provided by Haryana Government, remittancly good paymaster farmers of Haryana are availing crop loan @0% i.e. without any interest. This became possible with the help of Honourable Chief Minister and Honourable Minister for Agriculture and Cooperation. The Bank organizes Training Seminars for employees of all DCCBs to enable and motivate them in uplifting their attitude towards work, organisation and life in the highly competitive and challenging times.

Our vision is to serve the common people by opening branches, prepare and introduce common Set of documents, make uniform accounting practices and procedure, educate the personnel of the cooperative sector with the help of the experts in Banking.