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Cooperative banks have a long history in India dating back to the early 1900s. The cooperative banking movement was started to provide easy credit to small businesses and poorer sections of society. The Cooperative Credit Societies Act of 1904 established the first cooperative bank in India. Since then, cooperative banking has played a key role in rural financing and development. Cooperative banks are financial institutions that are owned and controlled by their members. They operate according to cooperativ

Author

Cricket Veda

Language

EN