Veliyathunadu Cooperative Bank E 298 Ltd

Veliyathunadu Service Cooperative Bank

Veliyathunadu Service Cooperative Bank Ltd. No 298, was established in 1972 under the Registrar of Societies Act, and the constitution type is that of Primary Agricultural Credit Society (PACS). The Bank falls under the legislative constituency of Kalamassery.

‘As of the 2022 annual report of the Bank there was a total of 12661 A class members.’

The Bank was Registered on 22/02/1972 and started its working on 08/03/1972.The area of operation of the Bank covers 9 wards of Karumalloor panchayat( ward 7 to 15). Our Membership has covered 75% of the total estimated population. Among the total membership of the bank almost 6235 people are farmers. The main crops in the service area are Paddy, Banana, Tapioca, Coconut and Vegetables. Besides the Banking activities, the Bank supplies manure, pesticides etc. to its farmers. Bank has Two Godown which has 30 mt capacity each. During the seasonal times manures are supplied on subsidy basis.

Veliyathunadu Service Cooperative Bank Ltd. No.298 has undertaken a flagship mushroom project called ‘Koongramam’ project as a model farming movement established to increase the farmers incomes in the Veliyathunadu area. This will be achieved by recruiting a group of women farmers from the 5000 households in the Bank’s working area providing them with training, technical support with a hi-tech mushroom farming unit, spawn unit, substrate development facilities, value addition training and support, market linkages.

From the empirical evidence obtained from various mushroom farming projects, brainstorming with experts in the subject area, identifying gaps, strengths, and linkages necessary to create a feasible plan that works for rural and semi-urban areas in Kerala. Koongramam mushroom farming project focuses on a linked network that will leverage the best practices of the cluster, and troubleshoot problems early-on so that remedies may be implemented in a timely and efficient manner.