FINANCIAL PERFORMANCE OF DISTRICT CENTRAL CO-OPERATIVE BANKS (DCCBs) IN HARYANA

ABSTRACT

A co-operative bank is a financial entity which belongs to its members, the owners and the customers of their bank. Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Co-operative banks in India have been assigned the distinct role viz. to serve up the rural poor masses by advancing timely and easy credit and to mobilize small servings. Currently out of 372 total district central co-operative banks (DCCBs) in India and 19 DCCBs operating under four division in Haryana. Agriculture sector plays a strategic role in the process of economic development. Agriculture is the backbone of the Indian economy because agriculture is the largest and oldest economic activity in the world which provides the basic intergradient to mankind and raw material for industrialization. For the development of agriculture, modernization of agriculture is very important. In the modernization of agriculture credit play an important role. As the World Bank describes, “Credit is often a key element in the modernization of agriculture”. In India, agriculture loans are mostly provided by co-operative banks, commercial banks, regional rural banks etc. Among these co-operative banks play an important role in the rural credit. So an attempt has been made in this paper to study the role and financial position of district central co-operative banks in Haryana.

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