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A Ichalkaranji , once a small Capital “Jahagir” town, ruled by His Highness,the Late Narayanrao Babasaheb Ghorpade, had a rare virtue of “seeing the beyond”.He cherished a dream to see that the small princely town earns eminence and prosperity

by encouraging “Trade & Industry”. Because of his benevolence and untiring zeal towards this goal, that he could turn his dream into reality. In this endeavour, he was really fortunate to have unstinted cooperation from dedicated and disciplined team of men, small and big. Through his untiring efforts and constant encouragement of Late Babasaheb,Ichalkaranji, is today enjoying a pride of place as “Manchester of Maharashtra”,a centre of wide spectrum of industry and trade alike.

Legacy of Ichalkaranji Janata Sahakari Bank Ltd.

  • iconThe industrial growth of Ichalkaranji was inspired by Late Dattajirao Kadam, a true visionary of the cooperative movement in the 1950s.
  • iconWith a mission to strengthen the local economy, he founded several co-operative institutions that shaped Ichalkaranji’s industrial landscape.
  • iconHis most remarkable contribution was establishing the Ichalkaranji Janata Sahakari Bank Ltd., aimed at supporting small industries and entrepreneurs.
  • iconThe Bank was registered on 5th November 1962 and began operations on 7th February 1963.
  • iconIn this noble cause, he was supported by Shri Kallappanna Awade and Late Shankarrao Hupare, who shared his dedication and discipline.
  • iconRecognizing its efficient management, the Reserve Bank of India granted a banking licence in April 1982.
  • iconOn 29th January 2000, the bank achieved Scheduled Bank Status, marking another proud milestone.
  • iconIn its early years, the bank operated on a limited scale but later expanded rapidly through innovative deposit schemes.
  • iconBy helping small and needy entrepreneurs, the bank became a pillar of self-reliance in the region.
  • iconDuring the shift from handlooms to powerlooms, it provided crucial financial support enabling many to become independent producers.

Foundation of Janata Bank Bhavan

  • iconThe remarkable growth of the bank is deeply linked to the dedication and support of its members.
  • iconOut of their commitment and affection towards the institution, members voluntarily sacrificed their dividends from profits for a period of five consecutive years.
  • iconThis act of collective sacrifice and cooperation enabled the Management to construct the bank’s own premises.
  • iconThe result of this effort is the prestigious “Janata Bank Bhavan”, a five-storey landmark building symbolizing unity and progress.
  • iconThe building also houses 600 Safe Deposit Lockers in its basement, providing secure facilities for valued customers.
  • iconThis achievement stands as a testament to the cooperative spirit and shared vision that continue to define the bank’s journey.

Development of Industrial Sector

  • iconThe bank has been co-opted by the Small Industries Development Bank of India (SIDBI) for the implementation of the Technology Upgradation Fund Scheme (TUFS).
  • iconUnder this scheme, the Central Government offers a 5% interest rate subsidy to promote modernization in the textile industrial sector.
  • iconThe initiative aims to boost efficiency, competitiveness, and innovation among textile entrepreneurs.
  • iconAdditionally, the bank extends financial assistance to Small Scale Industries (SSI) under the National Equity Fund Scheme, in line with SIDBI’s policies.
  • iconThrough these efforts, the bank continues to support industrial growth, employment generation, and economic self-reliance in the region.

Multi-State Status

  • iconThe bank has expanded its operational area beyond Maharashtra to provide banking services in Gujarat and Karnataka.
  • iconOfficial permissions have been obtained from the Registrars of Co-operative Societies (R.C.S.) of both Karnataka and Maharashtra States.
  • iconAs part of this expansion, the bank has taken over The Navkalyan Co-operative Bank Ltd., Hubli (Karnataka State).
  • iconCurrently, both branches in Karnataka are functioning smoothly under our bank’s management.
  • iconThis milestone marks a major step towards becoming a multi-state co-operative bank, widening our reach and strengthening our customer base across regions.
Estd.
7.2.1963
Regd. No.
KPR/BNK/102/5.11.1962
RBI Banking Licence No.
ACD.MH.297 P. Dt. 27.4.1982
Area of Operation
The whole revenue area of Maharashtra State.
Scheduled Status
29 January, 2000
Head Office
Main Road, Ichalkaranji - 416 115.
Branches
44 Branches + H.O.
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