Land Development Bank Jobs for Urgent For Field Officer in Ranchi

Agriculture is back bone of the Indian economy. After independence, a Rural credit Survey was conducted by Government of India to look into the situation of the farmer of the country. The report of the Rural Credit Survey disclosed that 2 to 3 of rural credit is being provided by the institutional agency. Rest of farmers depended on rural sahukars for their, agricultural needs. They charged high rate of interest and it was impossible for farmers to pay such interest. Major part of their income goes to return of interest to sahukars. The Rural Credit Survey committee suggested for early establishment of institutional financing agency for meeting the long term credit needs of the people of the country. On the suggestion of the above committee, Land Mortgage Banks were established in various State and later on they came to be known as Land Development Bank. The Bihar State Co-operative Land Development Bank was registered under the Co-operative Societies Act, in December 1957 (Registration No.24/Pat 1957) with a clear mandate to Act as a financing institution for long term investment for agriculture development project.

After the reorganization of Bihar in the year 2000, Jharkhand State came into existence. Under provision of the State reorganization Act 1956(37 of 1956) the Bank deemed Registered under Multi State Co-operative Societies Act 2002(section 103). The Central Registrar of Co-operative Societies, New Delhi allotted Registration No. MSCS-CR-277/2008. Now the area of operation of the Bank is Bihar and Jharkhand States.