Introduction

Chakkittapara Service cooperative Bank may be called a primary cooperative with global quality and national reputation which offers total service to the local community of a village panchayat. Epitomizing the adage, ‘think globally and act locally’, this bank has successfully brought in futuristic features of banking industry such as RTGS, automated teller machine and internet banking to the primary cooperative sector and has become a model for hundreds of similar banks across the state. Sheer statistical figures show how this banking institution has been able to become the financial backbone of a rural economy. The loan outstanding of the bank has reached as envious a high as Rs. 108 crores. The share capital of the bank is about to touch three crores now. Diversified activites such as Farmer Service Centre, Green Kisan Army, Green Kerala Tourism Project, Farmer’s clubs and Neethi-Nanma Stores show the way this bank has become instrumental in linking developmental activities of the government with the local population of a panchayat area.