Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
60Activity
0 of .
Results for:
No results containing your search query
P. 1
COMPARATIVE STUDY OF LOAN SCHEMES

COMPARATIVE STUDY OF LOAN SCHEMES

Ratings: (0)|Views: 4,170|Likes:
Published by sumesh894

More info:

Published by: sumesh894 on May 03, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

07/14/2013

pdf

text

original

 
CHAPTER 1Introduction of Co-operativeBank 
1.1M
EANING
 
OF
B
ANK 
1.2M
EANING
 
OF
C
O
-
OPERATIVE
B
ANK 
1.3P
RINCIPAL
 
OF
C
O
-
OPERATIVE
B
ANK 
1.4T
HREE
 
TIRE
 
STRUCTURE
 
OF
C
O
-
OPERATIVE
B
ANK 
 
IN
I
NDIA
1.5C
O
-
OPERATIVE
F
LAG
(1)
 
1.1Meaning of Bank: -
Bank is one type of Organization, which is related with monetary activity.They collect money from one class of economy and give to the other class of economy. It means they collect deposit from people and give them to theneedy people as advances.In funny language you can say, “Banking means my mind and other peoplesmoney”In short Bank perform the function of Exchange of money.
Types of Banking Institution: -
In India, there are two part of Banking: -1Organized Department: -2Unorganized Department: -First part is latest which include Indian Joint Stock Company, ForeignExchange Bank, Co-operative Banks, Land Mortgage Banks, Postal SavingsBank, SBI and RBI.On the other hand, Second part include shrafi Firm, Shrof, etc.Today organized money market is about more then 60%
1.2Meaning of Co-operative Bank: -
A co-operative is an autonomous association of persons united voluntarily tomeet their common economic, social and cultural needs and aspirationsthrough jointly – owned and democratically controlled enterprise.
(2)
 
Co-operatives are based on the values of self-responsibility, democracy,equality and solidarity. In the tradition of their founders, co-operativemembers believe in the ethical values of honesty, openness, socialresponsibility and carrying for others.Unlike commercial banks, which are occupied in the helping, the industrialand commercial sectors of the economy, the co-operative Banks on the other hand provide credit and other associated facilities to the rural andagricultural sectors.In World, Co-operative activity was stated in December 1844 in Britan.Social development is the sole aim of co-operative activity. Co-operativesocieties came in to begin when the co-operative societies Act-1904, wasenacted. A co-operative society is the society of voluntary and organizedgroup of individuals. The movement was started with the aim of providingfarmer funds with low rate of interest. So that, exploitation by the villagemoney lenders in hindered.Under the Banking Regulation Act of 1904, co-operative banks have been brought under the control of Reserve Bank Of India (RBI).In India, co-operative activity was started in 1889.the noble ideals like unity,similarity, honesty, loyalty and mutual co-operation etc. are the base of Co-operative activity.In India, co-operative society Act was enacted in 1904. In 1909,Jambusar Urban co-operative Bank was first established under this act. Then in 1925,new co-operative society Act was come. Before then there was seven co-operative Banks in the Gujarat.
(3)

Activity (60)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
rashbasheer liked this
rashbasheer liked this
Shiv Yadav liked this
dilip_maniya liked this
09785599155 liked this
nagpalanish liked this
Anusha Marigoli liked this
sarvesh.bharti liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->