The Co-operative Movement played an important role in the upward movement of the rural sector in Kerala. The Co-operative Movement played a major role in liberating the rural sector from the hands of the Hundikas and creating development opportunities

Elanthoor service co-operative bank is registered on 8-10-1999 (Malayalam Calendar - Kollavarsham) with the 7 wards of the Ilanthoor Panchayath as operational limits and elanthoor as head office and operations starts on 10-11-1999 (Malayalam Calendar - Kollavarsham). To the best of its abilities, the collective effort of its dedicated and dedicated collaborators, through its passionate work, is on the path to growth.
The bank operates on its own multi-storeyed building. The ground floor acts as a trading shops and the auditorium above. The bank now has 630 members and a share capital of Rs 76 lakh. It has a total deposit of Rs 28 crore and 58 lakhs share deposits.
Various non-agricultural loans are given to members up to Rs.10 lakhs per member. As per the order of the Registrar of Co-operative Societies, the members can avail Kisan Credit Card, Kudumbasree Loan and EMS. Bhavana Scheme, Central Govt.: Providing loans under IAI scheme. Gold loans of up to Rs 5 lakh are given to one member. There is now a balance of Rs 22 crores and 65 lakhs in various types of loans. The arrears are 12.45%.