The cooperative banks are organised co-operative societies, which are registered and governed by State Governments under the respective Cooperative Societies Act. The short-term co-operative credit structure operates with a three-tier system – Primary Agricultural Credit Societies (PACS) at the village level, Central Cooperative Banks (CCBs) at the district level and State Cooperative Banks (StCBs) at the State level. The Control over Cooperative Banks is dual in nature.
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Tags: Control over Cooperative Banks
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