Agricultural Consultancy Services (ACS) was established in the year 1988 as a specialized cell of Canara Bank, consisting of professionally qualified personnel for appraising agro-based projects and to provide consultancy.
It is the first ever Consultancy Cell for Agriculture & Allied Activities in the entire banking sector in India.
With a view to become more proactive, identify & explore every opportunity and become a role model for next generation PSBs in India by way of innovating new products/ideas/schemes, Agricultural Consultancy Services was renamed as "AGRICULTURAL INNOVATION CENTRE" with effect from January 2014.
The Division, since inception, has handled more than 1500 projects involving an outlay of more than Rs. 7000 crores in the sectors like Floriculture, Mushroom, Dairy, Poultry, Plantation Projects, Food Processing, Bio-technology, Cold Storage, Fisheries, etc. which included public issue appraisals also. The appraisal reports of this innovative arm of the Bank are accepted by all the major Banks and Financial Institutions.
Agricultural Innovation Centre (AIC) today, is one of the premier consultancy outfits in the country and is a "One-Stop-Shop" for all the agricultural entrepreneurs looking for investment in agriculture and related projects, and has carved out a distinct name for itself in the market.