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. View more
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The Gujarat State Co-operative Bank LTD.


Agricultural loans @ 7 %

Only 3 DCCBs were in a position to finance ST SAO loans to farmers up to Rs 3 lacs @ 7% as per Central Govt Directives. GSCB vigorously took up with the State Govt to provide additional 2% Interest Subvention to the farmers . State Govt accepted this proposal as a result of which,all the DCCBs are in a position to provide ST SAO loans to farmers @ 7%. The efforts of this bank have resulted in such assistance of Rs 123 crores. Today Short term agriculture credit facilities reaches to more than 28 lacs farmers of the state @ 7% against which interest subvention is provided @ 3% Thus, the concerned prompt paying farmers are enjoying agriculture credit facilities @ 4% interest with GSCB initiatives.

Awareness for farmers & PACS by Stalls and Shibirs

Stalls were organized by GSCB during Vibrant Gujarat and Agritech Global Summits, which were visited by the farmers, PACS officials, other bankers and general public from all the corners of the state. Information relating to various credit facilities available through the co. op. credit structure,planting the appropriate crops, modern and new farming techniques for raising the quantum and quality of the produce, related occupations, new equipment’s and machines / tools, assistance schemes, ‘sakhi mandals’ , self help groups was imparted personally and through small booklets/pamphlets in these stalls.

Farmer Shibirs

Various “Farmer Shibirs” are also organized by the GSCB every year for the farmers and PACS members giving the guidance for selection of crops, increasing agricultural produce and productivity, value addition, technical knowledge and guidance for receiving financial assistance; thereby increasing the economic returns; the benefit of which was reaped by the PACS and the DCCBs for enhancing their deposit mobilization, advances and recoveries. Literature is supplied to member farmers in the seminars & 205 shibirs ( including 153 during the Golden Jubilee Year 2009-10) in which RBI & NABARD specialists, agricultural scientists and experts were invited as faculties. During the Golden Jubilee Year the DCCBs were provided the financial assistance to the extent of Rs 1,98,68,248.00 at the rate of Rs 1 lac per Shibir .Bank provides Rs 50,000 per Shibir on regular basis to DCCBs. The total such assistance provided till now is Rs. 72.12 lacs. This gesture was warmly welcomed and proclaimed by the Government, District Banks, Agriculture Universities, Horticulture Department, Leaders and farmers at large.

Nationally, the Co. Operative Banks of Gujarat lead in the construction of the Godowns under the Rural Godown Scheme ; constructed through the Co. Op. Credit Structure. GSCB has aggressively facilitated for procuring the maximum subsidy (routed through NABARD) from the Central Government and it leads by getting the GOI subsidy of Rs 56 crores for 5846 Rural Godowns. The Gujarat State has achieved the unique distinction of constructing the highest number of rural godowns . This has been greatly achieved due to a very active support GSCB with the help of NABARD to its DCCBs and PACS.

Apart from the above, GSCB has been instrumental in getting subsidies for the farmers and PACS under various schemes like DEDS (Dairy Entrepreneur & Development Scheme )AMI (Agri Marketing Infrastructure ), Poultry venture capital fund, onion meda etc involving GOI subsidy routed through NABARD.

Recent Developments.

Govt. of Gujarat has sanctioned scheme with a budgetary allocation of Rs.7477.94 lakhs for construction of 1022 Godowns by PACS of 33 Districts for increasing storage capacity by 197620 M.T. during the year 2014-15, PACS contribution 10% only & the rest of cost met by Govt. Grant and GOI subsidy.

Govt. of Gujarat declares interest subvention scheme for the following investment activities.

a. Construction of godowns under Integrated Scheme for Agricultural Marketing (ISAM) by Farmers, Registered Co-op Institution of Farmers and APMC. wherein maximum interest subvention of 6% p.a. will be available on the interest paid by them to the financing Bank.

b. Interest subvention maximum up to 6% p.a. will be available to the farmers, dairy farmers, fishermen and their co-operatives for the loans availed under the schemes implemented by Department of Agriculture and Horticulture, Animal Husbandry, Fisheries, G.L.D.C., G.G.R.C. and cooperation.
c. Interest subvention scheme for scheduled caste beneficiaries for purchase of shop/ place for business under VBS. The effective rate on loan will be 4% p.a. and maximum interest subvention will be Rs.15000/-.

d. Dattopant Thengadi Artisan Interest Subsidy Yojana.
Interest subvention of 7% will be available to artisans registered with the cottage Industries office for purchase of machinery and raw material for maximum loan up to Rs.1.00 Lakh.

e. Interest Subsidy for ITI trainee.
Interest subsidy of 4% p.a. with a maximum of Rs.15000/- p.a. for 3 years will be available for purchasing machinery and tools for establishing self employment through bank loan. The scheme is implemented by labour and employment department.