History

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History2018-09-30T05:58:44+00:00

Solapur District Central Co-operative Bank Ltd.


Since from a long period of time India has remained as an agriculture oriented country. And today also India’s economy mainly depends upon agriculture. With a view to solve the problems of agriculturists, many committees were formed and finally in 1904 first Co-operative Act was passed as per the recommendation of Royal Commission. As per the act, rural and urban patpedhies were established but there was a need to establish Central Finance Agency to provide finance at reasonable rate of interest in order to motivate the rural development. And accordingly as per Maclagon Committees recommendation, it was decided to establish Central Cooperative Banks with responsibility of providing finance to agriculture in 1915. The issue of establishing Central Cooperative Bank was discussed in the meeting held at Pandharpur on 11th September 1917. Accordingly in March 1918, 12 members and representative of 5 societies applied for Registration and in March 1918 the Registrar of Cooperative Societies Mr. U. Back registered the society. The 1st General Meeting was conducted under the Chairmanship of Honorable Collector Mr. M Symcox. Bank started on 8-03-1918. The managing board was elected and the actual functioning started on 27-3-1918 after the meeting. The first chairman of the bank was Late Mr. R.B.G.K.Sathe. The bank started its functioning with capital of Rs. 1.00 lakh – The area of operation of the bank was whole Solapur District. Despite stiff competition from the Nationalized and Urban Cooperative Banks, the bank has maintained its business share in the District and acting as the main Central Financial institute in the District and particularly for rural people. Since last 100 years, the bank is rendering remarkable services to it s members and depositors. As a Central Financing Agency in the District, The District Central Cooperative Bank is the platform on which the cooperative societies in the District use to maintain their reserve fund deposits and others, besides which the SLR investment in the form of deposits are being kept with the DCC Banks by the Urban Cooperative Banks. The DCC Banks are representing the Cooperative Institution in many ways , for urban cooperative banks the clearing sub member facility is being given by the DCC bank besides which the DCC Banks are providing loan to various on lending cooperative institutions. The DCC Banks are the backbone of the agriculture finance in the country. The Central Cooperative bank occupies a position of cardinal importance in the cooperative credit structure. They form an important link between the Apex cooperative bank and the Primary Agricultural Credit Societies. The success of cooperative credit movement largely depends on their financial strength.

Salient Features of Bank

  • Best performance award from NABARD for 1995-96 & 2000-2001.
  • Best DCC bank award in Western Maharashtra from Maharashtra State Cooperative Bank Association for 1995-96, 1996-97 and 2001-2002.
  • Award winning bank among DCCB’ by State Level Yuvak Mudra Cooperative Banks competition.
  • To bring more area under irrigation, priority finance to irrigation purposes.
  • Providing banking facilities mainly in rural areas through 221 Branches.
  • Positive and active participation in all Government sponsored schemes viz. SGSY, SHG, NHB,RKBY. Etc.
  • Active participation in Rural Development through agriculture and allied activities finance.
  • Finance to agri. processing units as per their need.
  • Successful implementation of “Horticultural Development Scheme” by the bank appointing 27 Agricultural graduates in 1986 particularly Pomegranate and Ber fruit crops which was further taken and implemented by State Govt. under EGS on large scale.
  • More than eleven thousand Self Help Groups are formed for women development.
  • Gold Loan and Locker facilities are available.
  • Maximum limit statements of PACs are computerized first time.
  • Awarded best credit rating by M.S.C.bank for 2008-09.
  • Selected for Cooperative Development Fund and Awarded prize of Rs. 10.54 lac by M.S C.Bank.
  • Arranged KESHARMAATI, a National level agriculture exhibition. More than 5 lac people visited it.
  • Implemented Sharad Chandraji Pawar Arogya Bima Yojana for 225000 loanee farmers of PACs affiliated to this Bank. Ours is the only bank in the nation implementing for the health of poor farmers.

Profile of Solapur District

Solapur District is situated on the South — East fringe of Maharashtra State and lies entirely in the Bhima and Sina basins. Solapur is located between 17.10 to 18.32 degrees North Latitude and 74.12 to 76.15 degrees East Longitude. It is most developed district in the Maharashtra State.

1) Infrastructure and others

Geographical Area (sq.km) 14844.6
Urban Area 338.8(2.28)
Rural Area 14505.8(97.72)
No.of Blocks 11
No.of Villages 1150
Inhabited Villages 1142
Uninhabited Villages 8
No. of Municipal Corporation 1
No. of City Council 11

2) Agro-climatic conditions

Temperature (Degree Celsius) Minimum 9.0
Maximum 46.0
Average Rainfall (mm) 545.4
District falls in rain shadow area.
Rainfall is uncertain and scanty.

3) Demographic profile (2011 Census)

Total Population 4317756
Rural 2918665 (67.60%)
Urban 1399091 (32.40%)
Male 2227852 (51.60%)
Female 2089904 (48.40%)
Decennial Population growth rate (1981-91) 19.32
Population density per (sq.km) 259
Average Literacy % 77.02
No.of families under BPL(Lakh) 1.34

4) Size of land Holding(HA)

Size of land holding(HA) Nos. Area(HA)
0-1 114921 65757
1.00-1.99 137596 204596
2.00-3.99 130936 360236
4.00-9.99 64316 376370
more than 10 HA 10416 163796
Total 458185 1170755
Net sown Area 1020300

5) Irrigation Source (Area in HA)

By canals 57173
By Wells 166877
By Other Sources 31759
Net Irrigation Area Total 255809

6) Banking Infrastructure (No)

Solapur DCC bank branches (Branch+H.O) 221
Other Bank Branch 322