The District Cooperative Central Bank Ltd., Medak was established on 5-11-1956 and started business on 5-11-1956 by amalgamation of erstwhile “The Sangareddy Cooperative Central Bank” and “The Medak Cooperative Central Bank”. The Head Quarter and Registered office is at Sangareddy. The area of operation of the Bank is entire Medak District in Telangana State Consisting of 46 Mandals. The Bank has a network of 24 Branches in that One Head Office Branch and one Extension Counter at Sangareddy.
The District Cooperative Central Bank Ltd., Medak with its Central Office at Sangareddy Catering the needs of farming Community, through its affiliated Primary Agricultural Cooperative Credit Societies, weavers Cooperative Societies, fisherman Cooperative Societies, Employees Cooperative Societies, consumer & Marketing Cooperative Societies, Joint Farming Cooperative Societies, lift Irrigation Cooperative Societies, and other functional Societies viz. TTCS, MSCS, Sheep Breeders, Breeding, Housing Societies, Labour Contract Coop. Societies, vegetables Societies Industrial Cooperative societies.
THE DISTRICT. CO-OP. CENTRAL BANK LTD., MEDAK, HQ. SANGAREDDY
The following services are provided by the Bank to the farming community through 70 Primary Agricultural Co-operative Societies and general public in the district as detailed here under:
1. AGRICULTURAL LOANS
a) Short Term Loans (Seasonal Agricultural Operations)
b) Medium Term Loans
c) Long Term Loans (Investment Credit Loans)
2. NON-AGRICULTURAL LOANS
a) Cash Credit Loans to PACS (for Fertilizer Business)
b) Cash Credit Loans to Weavers (through HWCS/SWCS)
3. GOLD ORNAMENTS PLEDGE LOANS
4. LOCKER FACILITY
5. ISSUE OF DEMAND DRAFTSRead more