abhishreshthaa
Abhijeet S
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 societies.
The State Co-operative Bank obtain its working funds from its own share capital and reserves, deposits from the general public and loans and advances from the Reserve Bank now NABARDhas formulated a scheme for the rehabilitation of weak central co-operative banks.
NABARD is providing liberal assistance to the State Governments for contributing to the share capital of the weak central co-operative banks selected for the purpose.
The State Co-operative bank is not only interested in helping the co-operative credit movement but also in promoting other co-operative ventures and in extending the principles of co-operation.
The State Co-operative Bank obtain its working funds from its own share capital and reserves, deposits from the general public and loans and advances from the Reserve Bank now NABARDhas formulated a scheme for the rehabilitation of weak central co-operative banks.
NABARD is providing liberal assistance to the State Governments for contributing to the share capital of the weak central co-operative banks selected for the purpose.
The State Co-operative bank is not only interested in helping the co-operative credit movement but also in promoting other co-operative ventures and in extending the principles of co-operation.