Question

explain the function of Co-operative banks in India?​

Answer 1

Explanation:

The co-operative banks are mainly set up to provide access to credit in rural areas. This empowers and secures the poor and the low income groups. Co-operative banks offer basic banking functions and services in rural, urban and semi-urban areas, where banking facilities are scarce.

Answer 2

Answer:

The primary function of these co-operative banks is: Providing loans to small borrowers and small businesses. Extending credit facilities like term loans and working capital loans. Giving advances against shares and debentures.