About The Manipur State Co-Operative Bank
The Manipur State Co-operative Bank (MSCB) Ltd. was established on 24th June 1956 and registered on 2nd July 1956 with 77 members comprising 33 Societies and 43 individuals under Regd. No. 1 of 1956 under the Manipur Cooperative Societies Act, 1947 which was subsequently replaced by the Manipur Co-operative Societies Act, 1976 with jurisdiction over the entire State. The bank commenced the banking business on the 24th of March 1958. The bank is licensed under Section 22 of the Banking Regulation Act, 1949 (AACS) under No. RPCD. Guwa/2011-12/SCB-2 dated 29th March 2012.
Being the apex bank of the State, MSCB Ltd. assumes a key role in the cooperative credit structure in the State and has been providing Short Term [Seasonal Agricultural Operations(SAO), Kisan Credit Cards (KCC)], Medium Term and Long Term credit to the Agriculturists (Dairy, Poultry, Piggery, Pisciculture, Pump Sets, Tractors, Power Tillers, Duckery) and another Schematic lending. In addition, the bank provides cash credit as well as term loans to processing, marketing, weaving, small and tiny industries, artisans, businessmen, transporters, shop establishments, Hospitals, Agencies, and Government employees under various loan schemes of the bank.
The bank is in its 58 years of banking service and it has been playing a crucial role in the economic development of Manipur by extending credit facilities to the credit starve people of the State.
The bank has crossed Rs.225.30 crores (as on 31st March 2015) business. It has a presence in all the Districts of the State, except Chandel District. The Bank is serving through its network of ten (10) CBS enabled branches in the State and is offering a wide range of services, including RTGS/NEFT, to its customers.
The bank is committed to embracing technology for all-round improvement in its performance and services. ATMs and mobile banking will be made available for the convenience of customers.