Credit Cooperatives in India

Credit Cooperatives in India

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Cooperatives in India make up one of the largest rural financial systems in the world. This book deals with the traditional banking system in the developing economy of India and its evolution over time. It shows that cooperatives occupy an important place in Indiaa€™s financial edifice as they play a key role in the multi-agency framework for rural credit delivery.TheIndian banking systemat thattime consisted of privately owned banks, organized alongregional or sectoral bases.Though there were 566private commercial banks inIndiain 1951, their presencewas limited to only 4, 151 branches. These banks werelargely confined tourban areas, extending loansprimarilyfor tradingpurposes. ... As such, the AllIndia Rural CreditSurvey Committee recommended the creation ofa state partnered and statesponsored bank, which would servetheanbsp;...

Title:Credit Cooperatives in India
Author:Biswa Swarup Misra
Publisher:Routledge - 2010-04-08


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