The formation of Pravara Cooperative Sugar Factory and the successful working it has shared a new area in the history of the Cooperative movement in India in general and in Maharashtra in particular.

The foresight of Late Dr. Padmashri Vithalrao Vikhe Patil has transformed the way of life of agriculturists, collective efforts through cooperation have given a new dimension and in course of time the area of river Pravara has grown up into a big complex where multiple activities viz Sugar Factory, Paper Mill, Distillery, Milk Chilling Plant, Soil Testing Laboratory. Seed Farms, Transport Operators Society, Consumers Society, PVP College of Arts, Science and Commerce, College of Engineering, Polytechnic, Pravara Rural Medical Hospital College, and many more are in existence. Among them Pravara Cooperative Bank under the system of Urban Banks is also marching ahead with successful working since 1975 under the able guidance of Hon’ble M.P. Shri.E.V.alias Balasaheb Vikhe Patil, ExCabinet Minister, Heavy Industries & Public Enterprises, Government of India, who happens to be the main source of inspirations. Bank has started banking transactions with a meager share capital of Rs.2 lacs and 400 members.