- To serve as a Balancing Center for Cooperative Societies in the State of Punjab registered under the Punjab Cooperative Societies Ac, 1961 for the time being in force.
- To promote the economic interest of the member banks and cooperative societies in the state in accordance with cooperative principles and to facilitate the development and funding of any cooperative society registered under the said act.
- To carry on banking and credit business.
To become a strong and vibrant cooperative financial institution
To develop Cooperative Banks as strong and self-sustaining credit enterprise and to play a catalytic role in the development of agricultural and non-agricultural sector of Punjab rural economy in general and the society at large.