Haryana State Cooperative Apex Bank Limited

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Haryana State Cooperative Apex Bank Limited referred generally as the HARCOBANK, is one of the apex organizations in the state of Haryana. The main purpose of the Haryana State Cooperative Apex Bank Limited is to financially assist the artisans in the rural areas, farmers and agrarian unskilled labor, small and big rural entrepreneurs of Haryana. The HARCOBANK holds a special economic position in the state of Haryana. The HARCOBANK has been functioning as an investor for more than three decades.

The Haryana State Cooperative Apex Bank Limited has branches throughout the Haryana state. There are two extension counters at Panchkula and Chandigarh, thirteen other branches in the state level, and 336 branches of nineteen Central Cooperative Banks at the district level throughout the state. There is also 2384 Patwar-Circle Level mini banks that provide assistance to more than 25lakh members dwelling in the state of Haryana.

The Haryana State Cooperative Apex Bank Limited offers several types of financial assistances to the individuals. The financial aids such as credit for the promotion of agriculture, non-agrarian credit, and bank deposit facilities.

Agrarian credits under HARCOBANK are-

  • Loans schemes
  • Interim finance by the means of cash loans
  • Cash Credit against mortgage of property
  • Crop Loan and Kisan Credit Card
Loan schemes under non-farm finance of HARCOBANK

  • Loans against mortgage of jewelry and gold ornaments
  • Loans to the students engaging in professional degree courses such as medicine, engineering, management, etc. based on the repayment capability of the applicant of the loan
  • Loans for the purchase of taxi-cars, auto rickshaw, light commercial vehicles, motor buses, trucks, and others those who fall under the category of small transport operators
  • Cash loan facility to traders and businessmen against mortgage of collateral or stock hypothecation trade
  • Scheme for buying consumer durables
  • Short time overdraft facility to people based on the credit report or presenting collateral securities, etc.
  • Composite loan scheme
  • Advances against national savings certificate (NSC)
  • Farm sector activities
  • Small transport operators, water, and road scheme
  • Integrated loan scheme
Banking deposit schemes under HARCOBANK -

  • Fixed Deposit
  • Recurring Deposits
  • Money Multiple Certificate (MMC)
  • Re-investment Term Deposit (RITD)
  • Combined Recurring Deposits and Provident Funds for different institutions
Staff Loan facilities under HARCOBANK -

  • House Building Loan for construction, repair, extension of house property
  • Conveyance Loan for vehicles for cars, scooters, motorcycles
  • Computer Loans for household purpose of the employees
According to its financial position and its total performance at the domestic level, the National Federation of State Cooperative Banks (NAFSCOB) and National Bank for Agriculture and Rural Development (NABARD) have awarded the Haryana State Cooperative Apex Bank Limited.


  • Special award for Recovery and Profitability in 1998-99
  • Special Award in Profitability for 1999-2000
  • Special Award in Outreach, Recovery Performance and Profitability for 2000-01
  • Special Award in performance for 2001-02
  • Second-Overall Performance for 2002-03
The Haryana State Cooperative Apex Bank Limited can be contacted at
Haryana State Cooperative Apex Bank Limited,
SCO 78-80, Sector 17-B,
Chandigarh, India.

Phone: 702178, 702370, 721026,
Fax-704349, 704360,
E-mail: [email protected]

Last Updated on 19 May 2011