🇮🇳 Co-operative Credit System in India

The Co-operative Credit System in India is a vital part of the rural credit structure and primarily consists of institutions that provide credit for agricultural and non-agricultural purposes. It is broadly divided into:

1. Short-Term Agricultural Credit Institutions (A)

These provide seasonal and working capital needs for farming activities.

• Primary Agricultural Credit Societies (PACS) – Village level

2. Long-Term Agricultural Credit Institutions

These provide long-term loans for capital investments in agriculture.

• Primary Co-operative Agriculture and Rural Development Banks (PCARDBs)

3. Non-Agricultural Credit Co-operatives

These provide credit to urban and semi-urban populations for non-agricultural needs.

• Urban Co-operative Banks (UCBs)