Chief Minister Inaugurates New Branch of HPSCB at Kaithu

Chief Minister Thakur Sukhvinder Singh Sukhu today inaugurated the newly established branch of the Himachal Pradesh State Cooperative Bank (HPSCB) at Kaithu, marking another significant step towards strengthening the cooperative banking network in the State. The inauguration reflects the State Government’s continued commitment to ensure greater financial inclusion and accessible banking services for all sections of society.

He said that cooperative banks play a vital role in the socio-economic development of Himachal Pradesh, particularly in supporting farmers, small traders, self-help groups and rural entrepreneurs. He reiterated that the State Government is fully committed to the growth and strengthening of cooperative institutions and emphasized that the deposits of the State Government should be placed with the Himachal Pradesh State Cooperative Bank. This would further enhance the financial strength and sustainability of the cooperative banking system in the State , he said.

Thakur Sukhvinder Singh Sukhu appreciated the performance of HPSCB and lauded its efforts in extending modern, technology-driven banking services while maintaining its core objective of serving the common people. He expressed hope that the newly inaugurated Kaithu branch would cater effectively to the financial needs of the local population and contribute to regional economic development.

He said that HPSCB has been playing a key role in implementing various State Government schemes like e-taxi scheme, thereby ensuring timely delivery of financial benefits to the people.

On the occasion, the Himachal Pradesh State Cooperative Bank presented a cheque of Rs. 2 crore towards the Chief Minister Relief Fund. The Chief Minister expressed his gratitude to the bank for its generous contribution and stated that such support would go a long way in providing assistance to people in distress and in responding effectively to natural calamities and other emergencies in the State.

Managing Director of HPSCB Shravan Manta highlighted the achievements of the bank and briefed about its recent accomplishments. He informed that HPSCB has consistently strengthened its financial position, expanded its branch network and adopted digital banking solutions to enhance customer convenience.

MLA Harish Janartha, Mayor MC Shimla Surinder Chauhan and  Registrar Cooperative Societies Rajender Singh Negi and Chairman of the bank Devender Shyam along with other dignitaries were also present.