Question

Explain the cooperative credit institutes.

Answer 1

Answer:

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Credit Co-operative Societies are financial institutions which are established with the objective of providing loans to its members at a reasonable rate of interest. ..

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Answer 2

Cooperative Credit Institutions. 1. Voluntary association of members for self help, catering to the financial needs on a mutual basis. ... In India they are regulated with the RBI and governed by Banking Regulations Act 1949 and cooperative societies Act 1965.