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Credit from Cooperative Sector

News and Press Release - Dated:- 12-8-2016 - As reported by National Bank for Agriculture & Rural Development (NABARD), out of 33 State Cooperative Banks (StCBs) in the country, 7 StCBs carried accumulated loss as on 31st March, 2016. Further, ou .....

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incurred losses as on 31 March, 2016. The steps taken for revival of rural cooperative banks are as under: Based on the recommendation of Vaidyanathan Committee (VC-I), Government implemented a revival package for Short Term Cooperative Credit Struct .....

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released ₹ 9,245 crore. The said package was closed on 30th June, 2011. Recognizing the need to revamp ailing Cooperative Banks so that they are able to cater to the needs of farmers at their doorstep, the Government in 2014 announced implemen .....

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