TSCAB Full Form- Telangana State Co-operative Apex Bank

What is TSCAB? The full form of TSCAB is Telangana State Co-operative Apex Bank. The Andhra Pradesh State Co-operative Bank Limited (APCOB), with its head office in Hyderabad, was created in 1963 by the merger of The Hyderabad Co-operative Apex Bank Limited, Hyderabad, and The Andhra State Co-operative Bank Limited.

Following the government's decision to establish a Single Window Credit Delivery System, which would allow a single agency to provide both production and investment credit for agriculture, the Andhra Pradesh Co-operative Central Agricultural Development Bank Limited (APCCADB), which was meeting the state of Andhra Pradesh's needs for long term investment credit, merged with the APCOB in 1994 to provide both Short Term and Long Term credit through the APCOB / PACS / DCCBs.

Telangana State Co-operative Apex Bank Limited (Apex Bank) and the residual APCOB, which serve the needs of Telangana and the remaining portion of Andhra Pradesh, respectively, are the two state co-operative banks that resulted from the 2014 reorganization of the State of Andhra Pradesh and the creation of the new State of Telangana. Each of the two SCBs began operating on its own on April 2, 2015.

Under the State Cooperative Societies Act, Telangana State Co-operative Apex Bank Limited, Hyderabad, was registered on March 26, 2015 (Registration No. TAB.321), and it began operations on April 2, 2015.

Role and Objectives of TSCAB

The Telangana State Cooperative Apex Bank (TSCAB) plays the following key roles:

• Financial services: The TSCAB offers cooperatives in the state of Telangana a variety of financial services, such as advances and loans.
• Financial and technical support: To aid cooperatives in the state in their expansion and development, the TSCAB offers both financial and technical support.
• Regulation and supervision: The TSCAB is in charge of overseeing and controlling district cooperative banks throughout the state to make sure they are run sensibly and responsibly.
• Encouraging cooperative values and principles: The TSCAB supports the growth of the cooperative sector in the state by encouraging cooperative values and principles.
• Supporting economic development: The TSCAB is essential to Telangana's economic growth since it offers financial services and assistance to cooperatives. The lives and means of subsistence of those residing in the state are enhanced by this.

Telangana State Cooperative Apex Bank's (TSCAB) primary goals are to:

• Encourage the expansion and advancement of the cooperative movement within the state of Telangana.
• Loans, advances, and other financial services should be made available to the main cooperatives and their members.
• Promote saving behaviors among individuals and mobilize members' and the public's savings.
• Provide the general public with competitively priced banking and financial services.
• By giving farmers and other stakeholders financial support, you may encourage the expansion of the agricultural industry and related industries in the state.
• Encourage the provision of banking and financial services through the use of automation and contemporary technologies.
• Encourage entrepreneurship and the creation of jobs to support Telangana's general economic growth.
• bolster the movement for cooperatives and make sure they are sustainable, stable, and viable.
• Increase the impoverished and disadvantaged groups' financial inclusion in society.
• Participate actively in the creation of policies and initiatives pertaining to the cooperative sector in order to advance the growth of the state and the nation.

TSCAB was established to support the expansion and development of the cooperative sector in the state of Telangana and to offer a unified forum for the cooperative movement within the state. The capital city of Telangana, Hyderabad, serves as the home base for TSCAB, which operates a network of branches all across the state.