Token Provision- Rs. 10 lakh
As a part of restructuring of Co-operative credit structure, all the 14 District Cooperative Banks and Kerala State Co-operative Bank will be integrated and form a Kerala Co-operative Bank which will be strengthened in all aspects i.e. economically and technologically. The Kerala Co-operative Bank at the core will serving co-operatives and their members, but will also function as a modern banking institution participating in the economic growth and prosperity of Kerala. The operating principle would be to eliminate all overlaps at the field level and transfer the business pro-actively to the PACS where the PACS is permitted and capable of handling the business while the Kerala Co-operative Bank provides the back up support to PACS. An amount of `10.00 lakh is provided for the Formation of Kerala Co-operative Bank in 2019-20.