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Functions of cooperative bank :
The major functions of a cooperative bank are :
Mobilization of funds from their members
Advance loans to the members
When you look at cooperative banks in India, you realize that they play a very important role even today in rural financing.
A sharp...
Alabama Farmers Cooperative, Inc.
Statistics:
Cooperative
Incorporated: 1936 as Tennessee Valley Fertilizer Cooperative
Employees: 2,000
Sales: $324.12 million (2003)
NAIC: 115110 Support Activities for Crop Production
Company Perspectives:
An unselfish dedication to the mutual objectives of...
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Functions of cooperative department:-
1) Under cooperative act defines rules and regulations (bylaws)
2) Dealing with registrar.
3) Formation of training program for directors and farmers.
4) Helping in sorting war of directors and other matters.
5) Dealing with all the legal matter and helps...
These unions federate into a state level apex marketing organization known as the Gujarat Co-operative Milk Marketing Federation (GCMMF). The GCMMF was established in 1973 with the objective of providing the milk producers of Gujarat with their own marketing and distribution network.
This...
The National Co-operative Dairy Federation of India (NCDFI), a federal society, was formally established in 1970 as a national level apex organization. Now it has been restructured through affiliation with its member apex co-operatives at the state levels. The NCDFI, thus, provides the basic...
Sindhanur Urban Souharda Co-operative Bank
Sindhanur Urban Souharda Co-operative Bank, popularly known as SUCO BANK is the first of its kind in rural banks of India. The impressive story of its inception is interesting and inspiring for all the youth of this country.
Haryana State Cooperative Apex Bank Limited
The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK plays a vital role in rural banking in the economy of Haryana State and has been providing aids and financing farmers, rural artisans, agricultural labourers, entrepreneurs...
A highly distressing fact of co-operative credit is the heavy overdues of co-operative credit institutions, now estimated between Rs.9,000 crores to Rs.10,000 crores.
According to the RBI study team on overdues “lack of will and discipline among cultivators to repay loans was the principal...
This bank forms the apex of the co-operative credit structure in each state. It finances and controls the working of the central co-operative banks in the State. It serves as a link between the Reserve Bank of India from which it borrows and the co-operative central banks and village primary...
Co-operative Central Banks:
These are federations of primary credit societies in specified areas normally extending to the whole district meance they are sometimes called as district co-operative banks.
These banks have a few private individuals as shareholders who provide both finance...
Co-operative credit societies :
It is the cheapest and the best source of rural credit. The rate of interest is low. Since 1951, the co-operative credit movement has started helping the farmers in a big manner.
During 1989-90 there were about 88,000 primary agricultural credit societies...
The Maharashtra State Co-operative Bank
The Maharashtra State Co-operative Bank (MSC Bank) was originally registered as the Bombay Urban Credit Society on 23.01.1906.
The MSC Bank is playing the role of an Apex Bank of the co-operative movement in the Maharashtra State since 1954. It has...
Warana Nagar Co-operative
Warana Nagar is a typical example of an all-round sustained development of a rural area. The co-operative movement here successfully outlines the transformation of a traditional rural society into an economic success story. The development started with the...
Co-operative Marketing
Farmers come together to collectively carry out the operations in carrying the produce to the consumer. Farmers supply their excess produce to the co-operatives for a price and they in turn process it and sell it at the ‘mandi’ level.
Importance of co-operative...