Question

explain the features of the co operative bank​

Answer 1

Functions of co - operative banks :-

i)To provide loan at cheap interest rate for poor people.

ii)To help or to remove poor people from getting in debt trap.

iii)To support traders by providing loans.

Answer 2

Features of Cooperative Banks Co-operative Banks are organised and managed on the principal of co- operation, self-help, and mutual help. They function with the rule of "one member, one vote". function on "no profit, no loss" basis. Co- operative banks, as a principle, do not pursue the goal of profit maximisation.

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