Question

Advantages of cooperative banks in india

Answer 1

    Cooperative banks are mainly formed for development of people and community.  The public and private sector banks are set up for different purpose. They are for improvement in economy and to allow flow of funds through the system. Cooperative banks are also governed by the Reserve Bank of India like the other banks.

   Cooperative banks are mainly customer owned. They are owned by the set or people or community forming that bank. These are managed in a democratic way. All members have a say and voting right. The business is done in order to do community development. The profits are partly shared among the members and partly accumulated into a fund. This fund is useful for welfare schemes and for future contingencies. 

   These banks are available at each level ie., state level, district level and town/rural level. The accessibility into the people is high. The state level cooperative bank is the top authority.

   The advantage of cooperative banks is the people's participation, people's direct benefit, people's management, profit earning, growth in the community, their participation in the economy of the country.  Cooperative banks operate where the public sector and private sector banks do not operate.

Answer 2

ANSWER
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THE ADVANTAGE ARE AS FOLLOWS...

1. THE PEOPLE MANAGEMENT

2. PEOPLE EARN THE PROFIT

3. GROWTH OF ECONOMY

4. PEOPLE BENIFIT