Cooperative credit society. Cooperative credit society are used as mobilizing rural saving and stimulating agricultural investment 44% of the institutional credit is accredited to Cooperative Credit society in India They are established as Cooperative and under the Ministry of Cooperation.
44% of the institutional credit is accredited to Cooperative Credit society in India
They are established as Cooperative and under the Ministry of Cooperation
The All India Rural Credit Survey Committee assigned crucial role to the RBI in building up the cooperative credit organization.
RBI was appointed as an active agency to promote CCS.
RBI developed the credit norms and rationalized the lending process
Primary Urban Coop Banks
Rural Cop Banks
Long term Cr. Str
Sht. Term. Cr. Str
2 tire str.
3 tire str.
Urban Cooperative Credit (PCBs): established to increase banking habit with lower and middle income group people. They operate through primary cooperative banks (PCB)
Central Cooperative Banks (CCBs): They form the middle tire in the tree tire system. The provide short term credit.