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The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5]
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 loans granted by land development bank is typically repayable within a 20 to 30-year period. Normally, loans are granted up to 50% of the value of the land or up to 30 times the revenue. Loans are granted only after a thorough verification of security title-deeds as well as the necessity for the loan.
The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report.
In 1989, the National Bank for Cooperatives was created under the voluntary options of the Agricultural Credit Act of 1987 [1] by a merger of eleven of thirteen bank for cooperatives (including the Central Bank for Cooperatives) created with the Farm Credit Act of 1933. The remaining two banks joined in 1995 when it changed its name to CoBank ...
The cooperative provided a cheap loan from funds generated by regular savings for members of the cooperative. Members of cooperative had to commit to a moral life and had to plant two trees in a public place every year. Despite the short duration of its existence, until 1851, it thus formed the basis of the cooperative movement in Slovakia.
CFC manages and funds the Rural Telephone Finance Cooperative (RTFC), [5] an organization that provides financing to the rural telecommunications industry. CFC also manages and funds the National Cooperative Services Corporation (NCSC), [6] an organization that provides electric cooperatives with specialized financing services that supplement the financial services of CFC.
For All The People: Uncovering the Hidden History of Cooperation, Cooperative Movements, and Communalism in America, PM Press, by John Curl, 2009; Humanizing The Economy: Cooperatives in an Age of Capital, New Society Publishers, 2010; The Cooperative Solution, by E. G. Nadeau, 2012. A popular and contemporary introduction to cooperative economics.