Objective & Mission Details

(A) To create funds to be lent to the members on security of mortgage of movable and immovable properties of its member or of individual members of member Societies in particular, for development of Agriculture lands and to purchase machineries and implements, and for

• a) The redemption of mortgage of lands and liquidation or other prior, debts:
• b) The improvement of land and method of cultivation:
• c) The purchase of land in special cases on condition that such purchase will enable the Raiyat to round off his holding and work it more economically:
• d) The provision of irrigation facilities to the agriculture lands of the individual members of the member societies:

(B)To encourage in the member the spirit and practice of thrift, mutual help and self-help:

(C)To purchase, taken on lease of in exchange or otherwise acquire lands. Buildings, or any movable or immovable properties necessary for its business.

(D) Generally to do all such other things as are incidental or conductive to the attainment of the above objects or any of them and to arrange for the holding of conference from time to time for taking necessary action pertaining to its own function.

(E) To arrange fund by obtaining refinance facilities from NABARD or other statutory agencies to be lent out directly to the individual artisans, Craftsman, Handicraftsman small entrepreneurs or other Co-operative formed by them by way of composites loans for undertaking wide ranging non-farm activities subject to such conditions and safeguards as may be prescribed by the NABARD or other statutory agencies;

(F)For such other purposes and schemes as may be approved by the Government and in accordance with the provisions of the West Bengal Co-operative “Societies Acts and Rules framed thereon; 

(G) To arrange fund by obtaining refinance facilities from WBSCARDB / NABARD or other statutory agencies to be lent out directly to the individual for construction of new house / purchase of flat and also extension and up-gradation (including major repairs) of the existing house | flat. 

(H) To take such action as is necessary for development of Co-operative movement within the area of operation; a) To open Branch / Offices at suitable place as may be deemed fit and necessary by the Board of Directors of the Bank. 

(I) To formulate its own schemes for raising deposit based on the Registrar of Cooperative Societies/NABARD / WBSCARDB/ R. B. I. Guidelines and to tap the rural savings by offering attractive terms to compete effectively with the market for supplementing the growing resource heads of the Bank for expanding its credit business on diversified purposes

 (J)To grant Loans / Advances / Overdrafts against Fixed Deposit / other term deposit / other approved securities

 (K) Shall include the purposes as laid down under Rule 187 the Bank may grant loan to its member and

 (L) Such other purpose as the State Government may from time to time by order declare to be productive purpose;

 (M) No transactions of any kind shall be undertaken in pursuance of any of these objects which is not economically profitable to the Borrowing Members and to all such other works I business as will conductive or identical to the above objects and will generally promote the cause of Co-operation.