The Anantapur District Co-operative Central Bank Ltd (ADCC Bank) was established on 03-02-1919 with its head quarters at Anantapur as a Co-operative society, with primary object to finance short term credit to the Primary Agriculture Co-operative Societies in the District. Simultaneously the long term credit needs for the farming community was catered by the Primary Agriculture Development Banks (PABD) up to 1987. The Government of Andhra Pradesh abolished Primary Agriculture Development banks and introduced Single Window System to cater both Short/ Long term Loans through PACS.
The present Anantapur District Co-operative Central Bank Ltd., was registered as a Co-operative society under the A.P. State Co-operative Societies Act 7 of 1964. The main object is to finance short term credit and long term credit to farming community in the district through affiliated Primary Agriculture Co-operative Societies in the District. Besides the bank is also extending help to the weaker sections of the society by implementing Government sponsored schemes, emphasis it’s given to production – oriented lending. Substantial support is also given to Non Agriculture Societies viz., Weavers Societies, and Employees Societies in form of Cash Credit / Term Loans to members of the society and the bank is proving the financial support to the women through Self Help Groups for improvement of Women Empowerment, standard of living and economic status in the society.Read more