Q.How does the Maharashtra State Co-operative Bank differ from a District Central Co-operative Bank? Explain any three points.

Rural co-operative credit is organised as a three-tier pyramid. At the base stand the Primary Agricultural Credit Societies (PACS) in the villages, whose members are farmers and which lend directly to the cultivator. In the middle are the District Central Co-operative Banks (DCCBs), one per district, whose members are the primary societies; a DCCB acts as a balancing centre, pooling the surplus of some societies to meet the deficit of others and linking the villages to the apex. At the apex stands one State Co-operative Bank for the whole state — in Maharashtra, the Maharashtra State Co-operative Bank (MSC Bank) — whose …