Exercises · Q11
Q.How does a District Central Co-operative Bank differ from a primary agricultural credit society? Explain any three points.
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Start your 14-day free trial to unlock the full solution →A District Central Co-operative Bank and a primary agricultural credit society belong to different tiers of the three-tier structure, and they differ on several points. Three important ones are:
| Basis | District Central Co-operative Bank | Primary Agricultural Credit Society |
|---|---|---|
| Tier and area | The middle tier, working across a whole district | The base tier, working in a single village or small group of villages |
| Members | Mainly the primary co-operative societies of the district (a co-operative of co-operatives) | The individual farmers and villagers themselves |
| Nature of business | Carries on full banking and finances the societies — accepts deposits, lends to societies and others, and links them to the apex bank | Simply pools its members' savings and lends them back to members; not a full bank |
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