M.P.Rajya Sahakari Bank Mydt.(Apex Bank) is a premier organization providing long term, medium term and short term Agriculture finance in the state with help of NABARD through District Central Coop Banks and Primary Agriculture Credit Cooperatives Societies (PACCs)to farmers & different strata of the society in order to the fulfil their financial requirements.
Apex Bank is operating with their 24 Branches in the State serving through the attractive Loan and deposit schemes. Apex Bank is playing a pivotal in the field of providing rural finance in the M.P.State providing Agriculture/Non-Agriculture Loans and Advances with the help of NABARD under various schemes and also offering commercial loans to customer under the Loan portfolio such as Consumer Loans. Housing Loan, Higher Education Loan, Project Loan, Vehicle Loan etc. to name a few.
M.P. State Coop. Bank Ltd. had been registered on 02/04/1912 (Under Cooperative Act 1912, dhara 2) at Jabalpur naming “Provisional Cooperative Bank Ltd. Central Provinces brar”, later on its Head Office has been transferred to Nagpur. Bank has started its operations with the initial capital of Rs.5.00 lakhs aiming to provide finance in the field of Agriculture. Earlier individual shareholders were nominated as the representatives on the board of the Bank, to provide the democratic status to the Bank; maximum share has been transferred to cooperative societies and District Central Cooperative Banks, which started a movement to form a Board of Apex Bank with the representatives from Members Cooperative Institutions.