Podcast
Questions and Answers
What is the primary function of rural development banks as described?
What is the primary function of rural development banks as described?
- Offering financial services exclusively to government employees.
- Providing long-term loans for specific agricultural activities. (correct)
- Providing short-term loans to urban businesses.
- Issuing credit cards to farmers.
Which activities are typically financed by the long-term loans offered by rural development banks?
Which activities are typically financed by the long-term loans offered by rural development banks?
- Supporting film production and entertainment ventures.
- Purchasing stocks and bonds.
- Constructing new wells, land improvement, and purchasing agricultural equipment. (correct)
- Funding international vacations and luxury cars.
What is the main purpose of State Cooperative Rural Development Banks?
What is the main purpose of State Cooperative Rural Development Banks?
- To manage urban infrastructure projects.
- To provide financial assistance and oversight to primary rural development banks. (correct)
- To regulate international trade policies.
- To promote tourism and hospitality industries in rural areas.
How do State Cooperative Rural Development Banks raise funds to support primary banks?
How do State Cooperative Rural Development Banks raise funds to support primary banks?
What are the two types of debentures issued by these banks?
What are the two types of debentures issued by these banks?
What is the current lending practice mentioned pertaining to the banks?
What is the current lending practice mentioned pertaining to the banks?
Besides Rural Cooperative Banks, which other cooperative banks are mentioned as functioning?
Besides Rural Cooperative Banks, which other cooperative banks are mentioned as functioning?
What is required for City Cooperative Banks to operate legally?
What is required for City Cooperative Banks to operate legally?
What primarily defines the operational scope of City Cooperative Banks?
What primarily defines the operational scope of City Cooperative Banks?
What is the main objective of City Cooperative Banks?
What is the main objective of City Cooperative Banks?
Flashcards
Functions of Rural Development Banks
Functions of Rural Development Banks
Provide long-term loans for specific tasks.
State Cooperative Rural Development Bank role
State Cooperative Rural Development Bank role
These banks were established to provide financial assistance and oversight to Primary Cooperative Rural Development Banks in each state.
Purpose of Loan Bonds
Purpose of Loan Bonds
Banks issue these to raise funds, providing financial assistance to primary banks.
Types of Other Cooperative Banks
Types of Other Cooperative Banks
Signup and view all the flashcards
Urban Cooperative Banks Operation
Urban Cooperative Banks Operation
Signup and view all the flashcards
Primary focus of Urban Cooperative Banks
Primary focus of Urban Cooperative Banks
Signup and view all the flashcards
Services of Rural Development Banks
Services of Rural Development Banks
Signup and view all the flashcards
Study Notes
- Poumary LD Bank
- 180
Functions of Rural Development Banks
- Provide long-term loans for specific tasks.
- Support digging new wells, repairing existing ones, and preparing land for irrigation.
- Facilitate land improvement and the establishment of fruit orchards.
- Offer loans for purchasing water pumping machinery and agricultural equipment, like tractors.
- Assist in settling old debts, acquiring land, constructing fences, and cultivating garden crops.
State Cooperative Rural Development Bank
- Established to provide financial aid and oversight to primary cooperative rural development banks.
- Operates at least one state cooperative rural development bank in each state.
- These banks generate funds by issuing debentures.
- Offer financial assistance to primary banks
- They issue both ordinary and special development debentures.
- Debenture redemption fund facilitates the repurchase of debentures.
- Banks now provide gold loans, considering their financial resources.
- Established in TN City in 1988-17.
Other Cooperative Banks
- Includes city cooperative banks and industrial cooperative banks.
City Cooperative Banks
- These banks operate in specific cities.
- Registered under the Cooperative Societies Act.
- Licensed by the Reserve Bank of India.
- Operational area is typically limited to the city in which the bank operates.
- Main goal to provide banking services and loans to members living in the city, based on their needs.
- First City Cooperative Society was started in 1922.
- Unitary - 128
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
