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Role of Financial Institutions in Rural Marketing
Role of Financial Institutions in Rural Marketing
Role of Financial Institutions in Rural Marketing
in Rural Marketing
Types of Agriculture Credit:
The agriculture credit can be classified on the basis of:
(1) According to Tenure of Agricultural Credit i.e. the credit requirement based on the time-period of
loans.
It can of three types:
(a) Short-Term: It refers to the loans required for meeting the short-term requirements of the
cultivators. These loans are generally for a period not exceeding and repaid after the harvest. For
example loans required for the purchase of fertilizers, HYV seed, for meeting expense on religious or
social ceremonies etc.
(b) Medium-Term: These loans are for a period up to 5 years. These are the financial requirements
to make improvements on land, buying cattle or agricultural equipments, digging up of canals etc.
(c) Long-Term: These loans are for a period of more than 5 years and are generally required to buy
additional land or tractor or making permanent improvements on land.
(2) According to Purpose of Agriculture
Credit:
• The agriculture credit on the basis of purpose for which the credit is
used can be of two types:
• Rural Credit cooperatives are the oldest and most extensive form of
rural institutional financing in India.
(b) District Central Cooperative Banks: These cooperatives are organized at the district level. The
PACS are affiliated to the District Central Co-operative Banks (DCCBs). DCCBs coordinate the activities
of district central financing agencies, organize credit for PACs and carry out banking business.
(c) State Co-Operative Banks: The DCCBs are affiliated to State Co-operative Banks (SCBs), which
coordinate the activities of DCCBs, organize provision of finance for credit worthy farmers, carry out
banking business and act as leader of the Co-operatives in the States.
• Maharashtra District Central Cooperative Banks
• Ahmednagar District Central Co-operative Bank Ltd.
• Akola District Central Co-operative Bank Ltd.
• Amravati District Central Co-operative Bank Ltd.
• Aurangabad District Central Co-operative Bank Ltd.
• Beed District Central Co-operative Bank Ltd.
• Bhandara District Central Co-operative Bank Ltd.
• Buldhana District Central Co-operative Bank Ltd.
• Chandrapur District Central Co-operative Bank Ltd.
• Dhulia District Central Co-operative Bank Ltd.
• Sholapur District Central Co-operative Bank Ltd.
• Gadchiroli District Central Co-operative Bank Ltd.
• Jalana District Central Co-operative Bank Ltd.
• Jalgaon District Central Co-operative Bank Ltd.
• Kolhapur District Central Co-operative Bank Ltd.
• Latur District Central Co-operative Bank Ltd.
• Mumbai District Central Co-operative Bank Ltd.
• Nagpur District Central Co-operative Bank Ltd.
The Maharashtra State Co-operative Bank Ltd.
9, Maharashtra Chamber of Commerce Lane
Sir Vithaldas Thakersey Memorial Building
Mumbai - 400 001