Credit Co-operatives
Importance of Credit Co-operatives:
1. Provide timely flow of credit to rural areas.
2. Help balance regional development.
3. Arrest the monopoly of money lenders.
Example:
Grameen Bank in Bangladesh offers loans to the rural areas of Bangladesh. Prof. Yunus...
Co-operative banks – Client friendly
If investor are looking to park his surplus funds in a fixed deposit or is eager to take that loan, he must check out the schemes at co-operative banks. Investor may land up with the best deal, not only on the interest rate front, but also in the terms and...