Development Bank P.106
Colas Nagar, Puducherry – 605 001. T
Colas Nagar, Puducherry – 605 001.
The Pondicherry Cooperative Central Land Development Bank, established in the year 1960, is the only Cooperative institution advancing Long Term Loans to farmers and rural people; operating in the entire Union Territory of Pondicherry and having a branch at Karaikal.
The Bank is having 12,834 members as at the end of 31st December 2006 with a share capital of Rs.304lakhs. The bank is disbursing loans to its members under Agriculture and Non Farm Sector as well as Jewel Loan, Consumer Loan and letting of Safety Locker.
The Management is vested with the Board of Directors consisting of 15 members. The Board is constituted with 12 elected members from among the members and 2 nominee Directors one each from Cooperative and Agriculture Department. One Managing Director in the cadre of Deputy Registrar of Cooperative Societies appointed by the Registrar of Cooperative Societies.
The financial position of our bank as on 31st December 2006 as follows.
Rs. in lakhs Rs. in lakhs
1). Share Capital - 304.13 5). Loans & Adv. - 1240.8
Government – 245.00 6). Working Capital - 1802.93
Members - 59.13
2). Reserves - 397.17 7). Loss /Profit - (+) 8.19
3). Borrowings - 483.87 Current Year
4). Deposit - 763.67 8). Accumulated Loss - (-) 227.01