The Beginning

“A dedicated group of Cooperators with missionary zeal strongly backup and supported by the then Mizoram State Government, imbued with the spirit of service to the cause of Mizo people and for promoting of the economy of Mizoram in general, and hitherto neglected economically weaker sections of society of people living in urban and villages started Mizoram Cooperative Apex Bank Ltd. in 1982, with a small share capital of Rs. 16.53 lakhs ” The whole area of Mizoram and its surrounding area were predominantly populated by small agriculturist and low income group since many years back. Therefore, the Mizoram Cooperative Apex Bank Ltd. was established with the motto of ‘Prosperity through Cooperation for Mizoram and its People”

A Forward March

The Bank started its operation on 31st July, 1982 with a small dedicated and hard working number of just 16 staffs under the dynamic leadership and guidance of Shri V.G. Reddy. The Bank over a span of 30 years became one of the leading Banks in the state with branches in Saiha, Lawngtlai, Lunglei, Champhai, Serchhip, Kolasib, Mamit, Main Branch, Dawrpui Branch, New Market Branch, Bawngkawn Branch and Cooperative Centenary Branch. On 6th November, 1981 the Bank was registered and permitted to do banking business in the State of Mizoram Vide. RBI License No. ACD-MS-35-5. Dt. 6.11.1981. The area of operation of the bank is confined to the whole state of Mizoram. Due to its being the only Bank that can give loan to Churches in the State for construction of more than 1,000 churches to various denominations, the name of the Bank has now become the house hold name in the State. Moreover, with 100% of its staffs recruited from the length and breadth of the State, it has a unique advantage of not facing any language barrier or communication problem with the general masses of the population. Therefore, the Mizoram Cooperative Apex Bank Ltd is not only lagging behind but moving ahead of other Banks operating in the State currently.