Page 5 - Digi Notes : General Awareness - 09.05.2016
P. 5
www.mahendraguru.com
Central Co-operative Banks:
These banks operate at the district level having some of the primary credit societies belonging to the same
district as their members. These banks provide loans to their members (i.e., primary credit societies) and
function as a link between the primary credit societies and state co-operative banks.
Primary Credit Societies:
These are formed at the village or town level with borrower and non-borrower members residing in one
locality. The operations of each society are restricted to a small area so that the members know each other
and are able to watch over the activities of all members to prevent frauds.
Specialised Banks
There are some banks, which cater to the requirements and provide overall support for setting up business
in specific areas of activity. EXIM Bank, SIDBI and NABARD are examples of such banks. They engage
themselves in some specific area or activity and thus, are called specialised banks. Let us know about
them.
Export Import Bank of India (EXIM Bank):
EXIM Bank was established in year 1982. If you want to set up a business for exporting products abroad or
importing products from foreign countries for sale in our country, EXIM bank can provide you the required
support and assistance. The bank grants loans to exporters and importers and also provides information
about the international market. It gives guidance about the opportunities for export or import, the risks
involved in it and the competition to be faced, etc.
Small Industries Development Bank of India (SIDBI):
SIDBI was established in the year 2 April, 1990. If you want to establish a small-scale business unit or
industry, loan on easy terms can be available through SIDBI. It also finances modernisation of small-scale
industrial units, use of new technology and market activities. The aim and focus of SIDBI is to promote,
finance and develop small-scale industries.
National Bank for Agriculture and Rural Development (NABARD):
NABARD was established in the year 12 July, 1982. It is a central or apex institution for financing
agricultural and rural sectors. If a person is engaged in agriculture or other activities like handloom weaving,
fishing, etc. NABARD can provide credit, both short-term and long-term, through regional rural banks. It
provides financial assistance, especially, to co-operative credit, in the field of agriculture, small-scale
industries, cottage and village industries handicrafts and allied economic activities in rural areas.
www.mahendraguru.com
Central Co-operative Banks:
These banks operate at the district level having some of the primary credit societies belonging to the same
district as their members. These banks provide loans to their members (i.e., primary credit societies) and
function as a link between the primary credit societies and state co-operative banks.
Primary Credit Societies:
These are formed at the village or town level with borrower and non-borrower members residing in one
locality. The operations of each society are restricted to a small area so that the members know each other
and are able to watch over the activities of all members to prevent frauds.
Specialised Banks
There are some banks, which cater to the requirements and provide overall support for setting up business
in specific areas of activity. EXIM Bank, SIDBI and NABARD are examples of such banks. They engage
themselves in some specific area or activity and thus, are called specialised banks. Let us know about
them.
Export Import Bank of India (EXIM Bank):
EXIM Bank was established in year 1982. If you want to set up a business for exporting products abroad or
importing products from foreign countries for sale in our country, EXIM bank can provide you the required
support and assistance. The bank grants loans to exporters and importers and also provides information
about the international market. It gives guidance about the opportunities for export or import, the risks
involved in it and the competition to be faced, etc.
Small Industries Development Bank of India (SIDBI):
SIDBI was established in the year 2 April, 1990. If you want to establish a small-scale business unit or
industry, loan on easy terms can be available through SIDBI. It also finances modernisation of small-scale
industrial units, use of new technology and market activities. The aim and focus of SIDBI is to promote,
finance and develop small-scale industries.
National Bank for Agriculture and Rural Development (NABARD):
NABARD was established in the year 12 July, 1982. It is a central or apex institution for financing
agricultural and rural sectors. If a person is engaged in agriculture or other activities like handloom weaving,
fishing, etc. NABARD can provide credit, both short-term and long-term, through regional rural banks. It
provides financial assistance, especially, to co-operative credit, in the field of agriculture, small-scale
industries, cottage and village industries handicrafts and allied economic activities in rural areas.
www.mahendraguru.com
