The history of the Kalpetta Service Co-Operative bank dates back to pre -independant years. It was in 1921 under the leadership of Sri N.C Dharmmaraja Iyar a leading politician and sahakari, a society by name Kalpetta Ikiya Nanayasangam was formed and regiestered on 12.12.1921 with an aim to relieve the poor farmers from the clutches of private finance mafiyas and intermediate agencies, whose only motive was to exploit the poor farmers and their products. The Sangam started its operation on 31.01.1922 with Sri .Dharmaraja Iyer as Chief Promoter and Sri Ravunni Menon as honorary secretary and with a strength of 129 members.
The area of operation were Vengappaly kunnathidavaka(Now Vythiri) and Achooram Kunnu( Now Pozhuthana) villages. The  More..