A
s many as 29 DCCBs cover 33 districts of Rajasthan state with 400 branches. At the grass-root level, 5255 PACS cover 100% of the geographical area of the state, ie, 42955 villages.
With a view to cater to the seasonal financial requirement for agriculture and other allied activities at the level, The Rajasthan State Cooperative Bank Ltd (RSCB) was established on 14 October 1953. It is an apex institution of the DCCBs functioning in the state.
The state has 39 urban cooperative banks, 90% of which are in Grade I and II category. The Rajasthan Urban Cooperative Banks Federation has organized various training programs and workshops. It was able to persuade the government to conduct elections in urban cooperative banks in the state on time, this year. There are administrators in 3 UCBs namely Kota UCB, Rajasthan UCB and Savai Madhopur UCB, while the rest of the banks have an elected managing body. There are 6 women UCBs and 3 railway cooperative banks in the state. There are more than 340,000 plus members shared among the member UCBs, led by Madhav agrik Sahkari Bank with over 46,000 members.
The federation facilitated the tie-up arrangement of urban cooperative banks with IFFCO TOKIO Insurance Company for insurance business. It also played an important role in putting in place arrangements for sale of stamps by urban cooperative banks in the state. 