The Andhra Pradesh State Co-operative Bank Limited (APCOB), Vijayawada, is a scheduled state co-operative bank for the state of Andhra Pradesh. Consequent upon the reorganization of the State of Andhra Pradesh, the Andhra Pradesh State Co-operative Bank has been reorganized/reorganized into TSCAB and the residual Andhra Pradesh State Co-operative Bank Limited.
The bank provides many facilities to its urban customers. These include banking facilities under attractive deposit schemes, safe deposit lockers, clean and safe overdrafts, consumer durable loans, vehicle loans, gold loans, housing loans and many other services.
The bank is committed to agriculture and rural development through co-operative societies. It has 386 branches and 1959 Primary Agricultural Co-operative Societies (PACS). Which, to serve a large part of the total membership of PACS of about 1 crore, is provided with developmental agricultural credit.
The APCOB and allied credit structure in Andhra Pradesh demonstrates a unique experiment of a first of its kind single window credit delivery system in the country, whereby both investment and production credit for agriculture is provided at the grassroots level through a single agency. goes. . At the village level, PACS is designed as a one stop shop for the farmer to avail various short, medium and long term loans under production and investment credit, input requirements, product storage facilities, essential commodities, banking and other rural based services. Has been done. .
APCOB has one (1) branch in temple city Tirupati, 6 branches in new capital Amaravati and one branch in Barkatpura, Hyderabad to cater to the specific needs of urban customers.
In line with its core focus, APCOB, through DCCB and PACS, provide refinance assistance for agricultural production loans for seasonal agricultural operations (crop loans), investment loans for investment in agriculture for minor irrigation, farm mechanization, land development does. Horticulture, dairy, poultry, fisheries and other diversified investments and allied activities. In times of natural calamities, the bank provides debt stabilization arrangements through conversion, rescheduling, moratorium and rescheduling of agricultural loans. Credit to the weavers sector through primary handloom and silk weavers’ credit societies, as well as financing to Apex Weavers’ Societies, is another important portfolio through which rural development is promoted. Loans are also given to Employees Credit Societies for providing timely financial assistance to the employees of various organizations mainly through DCCBs.