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A District Co-operative Central Bank (DCCB) is a rural cooperative bank operating at the district level in various parts of India. [ 1 ] [ 2 ] It was established to provide banking to the rural hinterland for the agricultural sector with the branches primarily established in rural and semi-urban areas.
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance , Government of India , Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.
It also refinances fund from World Bank and Asian Development Bank to state co-operative agriculture and rural development banks (SCARDBs), state co-operative banks (SCBs), regional rural banks (RRBs), commercial banks (CBs) and other financial institutions approved by RBI. While the ultimate beneficiaries of investment credit can be ...
Amalgamation of Gramin Bank of Aryavart and Allahabad UP Gramin Bank in Aryavart Bank on 1 April 2019. Amalgamation of Prathama Bank and Sarva UP Gramin Bank in Prathama UP Gramin Bank on 1 April 2019. Amalgamation of Purvanchal Bank, Kashi Gomti Samyut Gramin Bank and Baroda UP Gramin Bank in Baroda UP Bank on 1 April 2020. [6]
The short-term credit structure which takes care of the short term (1 to 5 years) credit needs of the farmers is a three-tier structure in most of the States viz., Primary Agricultural Cooperative Societies (PACCS) at the village level, District Central Cooperative Banks at the District level and State Cooperative Bank at the State level and ...
A Primary Agricultural Credit Society (PACS) is a basic unit and smallest co-operative credit institutions in India. [1] It works on the grassroots level ( gram panchayat and village level). PACS structure [ 2 ]
The Cajamar Cooperative Group (Spanish: Grupo Cooperativo Cajamar) is the largest grouping of agricultural cooperative banks (Spanish: cajas rurales) in Spain, with origins in the establishment in 1966 of Caja Rural de Almería, rebranded in 2000 as Cajamar Caja Rural.
In the initial stage co-operative movement in India stood up slowly. In 1904 British govt formed a co-operative rule on the basis of report given by Fredric Nicholson a British officer of Madras region. While the first co-operative society formed in Kaṇaginahāḷa of Gadaga district of Karnataka becoming the first co-operative of Asia. It ...