BANKING AFFAIRS

Detailed explanation-1: -Which of these are at the lowest rung of Rural Cooperative banking structure in India? Notes: Primary credit societies are at the lowest rung and operate at village level. Then, there are central cooperative banks at the district level and state cooperative banks at the state level.

Detailed explanation-2: -In rural India, there exists a 3-tier short-term rural cooperative structure. Tier-I includes state cooperative banks (SCBs) at the state level; Tier-II includes central cooperative banks (CCBs) at the district level; and Tier-III includes primary agricultural credit societies (PACSs).

Detailed explanation-3: -It is made up of both short-term and long-term cooperative credit structures. The short-term cooperative credit structure is divided into three levels: village-level Primary Agricultural Credit Societies (PACS), district-level Central Cooperative Banks (DCCBs), and state-level State Cooperative Banks (StCBs).

Detailed explanation-4: -Co-operative Credit Structure means and includes Primary Agricultural Credit Co-operative Societies by whatever name called, Central Co-operative Banks, State Co-operative Bank, Agricultural and Rural Development Banks and State Agricultural and Rural Development Bank.

Detailed explanation-5: -(i) NABARD. (ii) State Cooperative Banks. (iii) Central Cooperative Banks.