The Mulukanoor Cooperative Rural Bank And Marketing Society Ltd was registered in 1956 as a co-operative with 375 farmers from 14 villages with a total share capital of Rs. 2300. The society was basically the brainchild of late Sri A.K. Vishwanatha Reddy Gaaru, who hailed from this area and inculcated the co-operative spirit through it. Today, MCRB&MSL is a highly respected and feted success story with more than 6166 active members and a share capital of Rs. 2.2 crores.