The Gujarat State Cooperative Bank Limited

The Gujarat State Cooperative Bank was established in year 1960 and registered under the Gujarat State Cooperative Societies Act 1961. The Bank is already enjoying the status of a Scheduled Bank and having requisite Banking License. Nearly 28 Lacs farmers of 8100 PACS affiliated with GSCB through 17 DCCBs and a co operative banking union are enjoying credit facilities. GSCB has a consistent history of receiving awards from NAFSCOB for its best overall performance and corporate governance . It has been receiving such awards in the past as well as for last four consecutive years. It has also received the award as the Institution amongst the Best Performing Co-operative Organisation from the National Co-operative Union of India New Delhi. Farmers Hostel: hostel-photo2Specially for Gujarat Farmers who visit to Ahmedabad or Gandhinagar for their routine or special work Bank has establish a Farmers Hostel having 58 rooms with capacity of 300 persons with in house catering facility at a concessional rate. By establishing / providing such facility Banks aim is to provide affordable accommodation in Ahmedabad city to the farmers. Modernization & Adoption of Latest Technology. The GSCB provides services on CBS platform equipped with all latest technology in the completely air conditioned environment. Latest technology Adoption by obtaining membership of RTGS & NEFT services. Cheque Truncation system that enables fast and easy clearing is being made mandatory in a phased manner for all the banks. GSCB has taken the Membership of NPCI and established the CTS centre at its new HO Building. Since the same needs heavy investment we as Apex Bank also provide CTS sub membership to other DCCBs and Urban Co.op. Banks so as to make it available to all banks. We provide the facility of CSGL Constituent Subsidiary General Ledger Accounts for investment in Govt. Securities etc. Banks New Building is equipped with latest technology and amenities including auditorium and video conferencing facilities. GSCB is Creating one umbrella cover for the co-operative banks for technology & development .Towards this objective it has achieved. Core Banking Solution (CBS) compatibility for GSCB and all the DCCBs through NABARD Offering RTGS & NEFT Sub membership to other banks GSCB has given Software to all PACS of the state at extremely subsidized rates & also provided soft loan for Hardware procurement so as to enable the PACS to comply accounting under CAS/ MIS as per the Vaidyanathan package Refinancing for Self Help Groups (SHG)& Joint Liability Groups (JLG) GSCB provides encouragement guidance and facilitates refinancing for Self Help Groups (SHG).An amount of Rs.16.35 crores has been provided to Total 30652 Self Help Groups (SHG) attached to DCCBs during the year. Bank has also conducted workshops at different levels to provide necessary financial support to Joint Liability Groups (JLG) and efforts are being made to increase the finance of DCCBs under the NABARDs Scheme.