Volume : IV, Issue : XI, November - 2014

Co–Operative Movement and Progress of Co–Operative Banks in India

S. Siva Sankar, Prof. B. Ramachandra Reddy

Abstract :

Agriculture is the mainstay of the Indian economy because of its high share in employment. There are so many problems in agriculture but agriculture credit is a major problem in rural area. In many developing countries, it has been found that the rural credit market is imperfect in nature. There are substantial variations in the availability of formal credit in rural urban locations. Since the credit5 sector is the ‘Prince of Denmark’ in the whole apparatus of the cooperative movement, it merits the pride of place in the present study of cooperation. The cooperative banking structure is pyramidal or federal in character. At the base, i.e., at the village level there are primary credit societies upon which the whole edifice of co–operative credit is based. These societies are federated at the district level into a Central Society called the Central Co–operative Bank. At the State level, the district banks are federated into an apex bank. The apex or state cooperative bank in its turn is closely linked with the NABARD which provides considerable financial assistance to cooperative credit structure. This is the set up in regard to short–term financing. The present study is limited only to cooperative credit aspect of agriculture. Marketing and other aspects have not been taken for the present study

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

S. Siva Sankar, Prof. B. Ramachandra Reddy Co-Operative Movement and Progress of Co-Operative Banks in India Indian Journal of Applied Research, Vol.4, Issue : 11 November 2014

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