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The Farm Credit Administration is an independent agency of the Executive Branch of the federal government of the United States.It regulates and examines the banks, associations, and related entities of the Farm Credit System, a network of borrower-owned financial institutions that provide credit to farmers, ranchers, and agricultural and rural utility cooperatives, as well as provides ...
It also refinances fund from World Bank and Asian Development Bank to state co-operative agriculture and rural development banks (SCARDBs), state co-operative banks (SCBs), regional rural banks (RRBs), commercial banks (CBs) and other financial institutions approved by RBI. While the ultimate beneficiaries of investment credit can be ...
Regional rural banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance , Government of India , Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively.
It insures bank deposits up to a certain amount, which is currently set at Rs. 5 lakhs per depositor per bank. National Bank for Agriculture and Rural Development (NABARD): NABARD regulates and supervises the rural banking sector in India. It provides credit and other support to farmers, rural development organizations, and other rural ...
Its role is to charter, regulate, and supervise America’s national banks and federal savings associations. In addition, the OCC oversees federal branches and agencies of foreign banks doing ...
In 1965, the Act was amended to include cooperative banks under its purview by adding the Section 56. Cooperative banks, which operate only in one state, are formed and run by the state government. But, RBI controls the licensing and regulates the business operations. [2] The Banking Act was a supplement to the previous acts related to banking.
A District Co-operative Central Bank (DCCB) is a rural cooperative bank operating at the district level in various parts of India. [ 1 ] [ 2 ] It was established to provide banking to the rural hinterland for the agricultural sector with the branches primarily established in rural and semi-urban areas.
The short-term credit structure which takes care of the short term (1 to 5 years) credit needs of the farmers is a three-tier structure in most of the States viz., Primary Agricultural Cooperative Societies (PACCS) at the village level, District Central Cooperative Banks at the District level and State Cooperative Bank at the State level and ...