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About Us

Bank's About

The Bank was set up on 1st Nov.1966 under the Punjab Cooperative Societies Act, 1965 (replaced by Haryana Cooperative Societies Act, 1984) in the name and style of the Haryana State Cooperative Land Mortgage Bank Limited. The nomenclature of the bank was changed to the Haryana State Cooperative Land Development Bank Limited in the year 1974 and thereafter the nomenclature of the bank was changed to The Haryana State Cooperative Agriculture and Rural Development Bank Ltd; (HSCARDB). At the time of establishment of the bank, there were only seven PCARDBs in the State, now there are 19 District Primary Agriculture and Rural Development Banks (DPCARDBs) with 70 branches at Tehsil and Sub-Tehsil level.

The main objective of the Bank is purveyance of Long Term Credit to the agriculturists through its 19 District Primary Agriculture and Rural Development Banks (DPCARDBs) and their branches under various Agriculture and its allied activities along with NFS purposes. HSCARDB acts as an Apex Institution both for providing long term finance and for coordinating the functions of DPCARDBs and their branches. The District Primary Agriculture and Rural Development Banks (DPCARDBs) in the State have provided Long Term Credit amounting to Rs. 7124.07 Crores to 1174374 beneficiaries up to 31.03.2021 since the inception of the Bank.

Bank's Overview

• HSCARDB is non resource based organization. It avails 90% refinance from NABARD by way of loan and 5% each from G.O.I. and Govt. of Haryana.

• On the recommendations of the NABARD, Govt. of Haryana has provided financial assistance of Rs. 705.00 crore from 2012-13 to 31.03.2021.

• Govt. of Haryana, introduced two recovery incentive schemes namely Timely Repayment Interest Subvention Scheme and Recovery Linked Incentive Scheme for loanees in order to boost up the recovery. However, these schemes could not improve the recovery position.


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