Who We Are
About PSCADB
We are an Apex level financial institution under the State Cooperative structure, engaged in providing long-term credit facilities to our members at competitive interest rates
Our History
Its Been 64 Years
The Punjab State Cooperative Agricultural Development Bank Limited, previously known as The Punjab State Cooperative Land Mortgage Bank Ltd. was registered on 26.02.1958, under the Cooperative Societies Act, for granting long term loans to the owners of the land or other immovable property, so as to enable them to discharge their debts, to carry out agricultural improvements and to acquire land for the formation of economic holdings and other purposes so as to promote thrift and self help among them.
Initially Bank started functioning through the Central Cooperative Banks by appointing them as its Agents. The Agency system was discontinued in the year 1962 when 14 Primary Cooperative Land Mortgage Banks, now known as Primary Cooperative Agricultural Development Banks came into existence and were affiliated to the ‘The Punjab State Cooperative Agricultural Development Bank‘, for the purpose of advancing long term loans to the farmers in the state. At present, the number of the Primary Cooperative Agricultural Development Banks in the State is 89.
The structure in Punjab is long term and federal with The Punjab State Cooperative Agricultural Development Bank (in short, SADB) as an Apex Institution and 89 Primary Cooperative Agricultural Development Banks as its members (in short, PADB).
Initially Bank started functioning through the Central Cooperative Banks by appointing them as its Agents. The Agency system was discontinued in the year 1962 when 14 Primary Cooperative Land Mortgage Banks, now known as Primary Cooperative Agricultural Development Banks came into existence and were affiliated to the ‘The Punjab State Cooperative Agricultural Development Bank‘, for the purpose of advancing long term loans to the farmers in the state. At present, the number of the Primary Cooperative Agricultural Development Banks in the State is 89.
The structure in Punjab is long term and federal with The Punjab State Cooperative Agricultural Development Bank (in short, SADB) as an Apex Institution and 89 Primary Cooperative Agricultural Development Banks as its members (in short, PADB).
We Care
Advancement Of Loan
Bank avails refinance from NABARD for advancing loans to members. Initially it had advanced loans for Redemption and Purchase of land so as to make the land holdings economically viable. Later on, it provided loans for the improvement of Banjar, Alkaline and Saline lands. Thereafter, it has played a substantial role in farm mechanisation in the state by advancing loans for the purchase of Tractors, Agricultural Implements, installation of Tubewells etc. It has contributed substantially in ushering in Green Revolution in the State. After the Green Revolution, it has played a meaningful role in diversification of agriculture by providing loans for various agricultural allied activities like Dairy, Poultry, Fishery etc. It has contributed significantly in ushering in White and Blue Revolution. At present, Bank advances loans for various Farm Sector as well as Non Farm Sector activities also.
Area Of Operation
We are operating in all Districts of Punjab
The Punjab State Cooperative Agricultural Development Bank (SADB) is situated in Chandigarh with 89 Primary Cooperative Agricultural Development Banks situated in various places of Punjab.
For accessing the contact details of SADB and the Primary Banks , Click here