Contents1 Introduction2 Key objectives3 Need/Rationale4 What are cooperatives?5 Constitutional provisions6 Laws governing cooperatives7 Who controls the Cooperatives in India?8 Criticism9 Way forward Introduction In a recent move, a separate Ministry of Cooperation was created by the Government of India for realizing the vision of ‘Sahkar se Samriddhi’. As per the government, the Ministry of Cooperation… Continue reading Ministry of Cooperation – Explained, pointwise
Tag: UCBs
PMC Bank gets some cooperative support, but revival to take time
What are the regulatory conditions for Urban-Cooperative Banks in India? Context: The Centrum-Bharat Pe combined and takeover a bankrupt urban cooperative bank. The RBI has also granted an “in-principle” approval to Centrum Financial Services and BharatPe to set up a small finance bank (SFB). This marks the first instance of NBFCs, high-net worth individuals and fintech being allowed entry in the urban-cooperative bank (UCB) space. Regulatory conditions for urban-cooperative bank (UCB): The RBI in 2019 brought… Continue reading PMC Bank gets some cooperative support, but revival to take time
