Established by the Agricultural Credit Department of Reserve Bank of in the year 1954-55, DNSRICM is one of the20 residential Institutes of cooperative Management in India run by the National Council of Cooperative Training(NCUI), New delhi and financed by Govt. of India, Ministry of Agriculture, Department of agriculture and Cooperation. In October 1997 the Institute was upgraded as Regional Institute of Cooperative Management so as to make its activities more broad-based. NCCT is a central agency in charge of overall planning, monitoring and implementing training programmes for the personnel of Cooperative Department and Cooperative Institutions. The main objective of the Institute is to develop Human Resources in the Cooperative Movement for efficient, effective and professionalised cooperative management. In pursuance of the above objectives the Institute caters to the management training needs of the Department and Institutional personnel of Bihar and a few States and Union Territories.