About Us

VISION

To promote economic interest of member cooperators by facilitating easy access to credit.

MISSION

To become the best agricultural and rural development bank in the country in terms of promoting economic interest of its members through technology adoption and  human resource development.

HISTORY

The Punjab State Co-operative Agricultural Development Bank Limited, previously known as The Punjab State Co-operative Land Mortgage Bank Ltd. was registered on 26.02.1958, under the Cooperative Societies Act, basically with the object to grant 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.

At the initial stage, the 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 then-The Punjab State Co-operative 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 long term structure in the Punjab state is a federal one 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).

ADVANCEMENT OF LOAN

The Bank avails refinance from NABARD for advancing loans to the borrowers. Initially the Bank 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, the Bank played a substantial role in farm mechanisation in the state by advancing loans for the purchase of Tractors, Agricultural Implements, installation of Tubewells etc. Bank contributed substantially in ushering the Green Revolution in the State. After the Green Revolution, it played a meaningful role in diversification of agriculture by providing loans for the various  agricultural allied activities like Dairy, Poultry, Fishery etc.. It has contributed significantly in ushering in the White Revolution and Blue Revolution .

At present, the Bank advances loans for various Farm Sector schemes as well as Non Farm Sector activities.


Rate of Interest

Loan AmountRate (%)
Upto Rs. 50000/-10.60%
Above Rs. 50001/- 11.80%
Commercial Dairy
(10 or more milch animals)
11.30%