Pali is an industrial city in the Indian state of Rajasthan. It is situated in the Marwar region of the state and functions as the administrative headquarters of the Pali District. The city of Pali was formerly known as Pallika and Palli. Located on the bans of the Bandi river, Pali was a trade center since ancient times. Pali is famous for its textile industries. Synthetic and cotton clothes, as well as yarn, is exported to other Indian states at a very cheap rate. Some new industries like Bangles, Marble cutting, marble finishing have recently emerged in the area. The city hosts the Maharaja Shree Umaid Mills which is the biggest cotton mill of Rajasthan and employs 3000 workers. There are three industrial areas in Pali known as the Mandia road industrial area, the Punayata industrial area and the industrial area phase 1& 2. The Mandia road area is the biggest and the oldest industrial area that houses innumerable manufacturing units of several renowned companies, mostly specializing in the textile industry. The Punayata industrial area has recently become a major landmark for Industrialists to set up new businesses. Additionally, several other industries such as leather products, agriculture instruments, chemicals, cement, granite, etc. have been set up in and around the city. Although these industries fuel the economy of Pali, they have also been criticized for causing severe pollution in the area.
The Shamrao Vithal Co-op. Bank Ltd. or SVC Cooperative Bank Limited, is a banking company incorporated under the Companies Act, 1956 a scheduled bank, and one of the oldest Urban Co-operative Bank in India built in 1906. The bank was set up when co-operation was just started in the country. It was established with the primary aim of helping the less fortunate members of the community under the ambit of its economic enterprises. It was also to encourage savings and to create funds for providing financial aid to deserving members.Mr. Rao Bahadur Shripad Subbarao Talmaki was the chief architect of the Bank. The Bank was initially registered as a Co-operative Credit Society on 27 December 1906. The Bank is present in 10 States of India. Maharashtra, Karnataka, Tamil Nadu, Telangana, Delhi, Rajasthan, Haryana, Goa, Gujarat and Madhya Pradesh. In 1907, cumulative deposit scheme, fixed deposit scheme and saving bank deposit were introduced by the bank. After that in 1911, the facilities for remittance were made available to the members by the draft. In 1913, the cash credit scheme was introduced by the bank. In 1956, facilities were thrown open to all communities. In 1988, the Shamrao Vithal bank was conferred the scheduled bank status.