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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, out of 371 District Central Cooperative Banks (DCCBs) in the country, 111 DCCBs carried accumulated losses as on 31st March, 2016. As regards Urban Cooperative Banks (UCBs), Reserve Bank of India (RBI) has reported that out of total 1574 UCBs, 72 UCBs .....

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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 implementation of the Scheme for Revival of 23 Unlicensed District Central Cooperative Banks (DCCBs) in four States viz. 16 in Uttar Pradesh, 3 in Jammu & Kashmir, 3 in Maharashtra and 1 in West Bengal. The total capital infusion required for revival of .....

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