The Muktsar Central Cooperative Bank Ltd., Muktsar was established on 01 April 1997 at Muktsar vide Registration No.317 as a principal financing institution of the cooperative movement in the state. It has 22 branches in the District Muktsar. This bank ensures that its member branches follow sound banking practices and observe strict financial discipline. The Bank is financing the farmers through PACS at the village Level. There is no arena of life where this premier institution has not played its part. From a farmer, artisan to traders/businessman, everybody has been covered in the fold of this institution. The green, white and sweet revolutions in the state of Punjab are some of the major achievement in which this institution has played a vital role.
History
Objective
• To serve as a Balancing Center for Cooperative Societies in the State of Punjab registered under the Punjab Cooperative Societies Ac, 1961 for the time being in force.
• To promote the economic interest of the member banks and cooperative societies in the state in accordance with cooperative principles and to facilitate the development and funding of any cooperative society registered under the said act.
• To carry on banking and credit business.