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NABARD is established as a development Bank, in terms of the Preamble of the Act, for providing and regulating Credit and other facilities for the promotion and development of agriculture, small scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto.

The separate financing agency for Minorities in the form of National Minorities Development and Finance Corporation (NMDFC) was incorporated under the aegis of Ministry Of Social Justice & Empowerment, Govt. of INDIA on the 30th of September 1994 under the Section 25 of the Companies Act - 1956 with the main objective to promote economic development of the poorer section of Minorities.

North Eastern Development Finance Corporation Ltd. (NEDFi) was incorporated under the Companies Act, 1956, on August 9, 1995 with its registered office at Guwahati, Assam, for the development of industries, infrastructure, animal husbandry, agri-horticulture plantation, medicinal plantation, sericulture plantation, aquaculture, poultry and dairy in the North Eastern states of India.

The PMC bank has commenced its operations on 13th February, 1984 with an aim to provide banking services that gives the customer utmost ease and convenience. Within a short span of just 16 years, it has achieved SCHEDULED STATUS on 29/01/2000 and is the YOUNGEST CO-OPERATIVE BANK to achieve the status.

Committed to banking and extending banking services in a comprehensive way for the benefit of repatriates, stakeholders, member customers and employees. Repco aspires to evolve into a professional player in banking industry. Modern technology is to be adopted for efficiency of operation and for attaining a significant position as a preferred Bank.

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