History has kept its footmark in every fabric of evolution of The West Bengal State Cooperative Bank Ltd. What not in the evolution path of this bank- the distress of farmers in Pre-Independence days, wound of partition of India and the impact of reorganization of states after Independence.
In pre-Independence day on 19th. February, 1918 a Cooperative society in the name of “Bengal Provincial Cooperative Federation Ltd.” was registered under Cooperative Societies Act – II of 1912. The primary object of the Federation was to supply sufficient capital to the member Central Cooperative Bank so that they can assist and develop the farmer-members of Primary Societies. The area of operation of the Federation extended over whole of the then Bengal. The Federation was converted into Bankand named “The Bengal Provincial Cooperative Bank Ltd” in 1923. After Partition of India the name of the Bank was changed to The West Bengal Provincial Cooperative Bank Ltd. Another historic event came in the evolution of the Bank _ provinces were converted into states and the name of the Bank was then changed to The West Bengal State Cooperative Bank Ltd. in 1964.
The objective of WBSCB is to promote agricultural lending in the state through the provision of agricultural finance in a systematic and professional manner. Another objective is welfare maximization by increasing the flow of resources to the underprivileged sector by integrating the priority sector with the overall domestic financial markets.WBSCB has the objective of making inroads into varied spheres of development, while retaining a focus on low-income group and related issues. WBSCB has been engaged in micro-finance lending Operations in Weaker-Section through Self Help Groups.
The Bank is to provide Banking service based on latest technology not only in Cities and Towns but also in Rural Bengal.