explain the function of Co-operative banks in India?
stuti20070:
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
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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.
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1
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.
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