what is the meaning of water co operation
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National Agricultural Cooperative Marketing Federation of India was created on 1958-10-02.
Today cooperative banks are dangerous as people are not paying back their loans.
Mr. V.V.R
They didn't?
Cooperative banks are governed by the provisions of State Cooperative Societies Act and meant essentially for providing cheap credit to their members. it is an important source of rural credit in India.
The 3 main category of Banks in India are:Regular - Commercial BanksUrban Cooperative BanksRural or Grameen Banks
india (amul)
Starting any business in India, including a cooperative bank requires licensing. Licensing is very difficult to get. It requires hiring a lawyer. It is rumored that bribes will be necessary to complete the process.
This type of farming is successful in parts of peninsular India.
1st March, 1912
Cooperative banks in India are not nationalized; they are typically owned and operated by their members. While they are regulated by the Reserve Bank of India (RBI) and the respective state governments, they maintain a cooperative structure that differentiates them from nationalized banks, which are government-owned. Each cooperative bank operates independently, serving local communities and members rather than being part of a nationalized system.