A Study On Urban Cooperative Banks Towards Economic Progress Through Financial Inclusion
Loading...
Files
Date
2016-03-31T08:01:53Z
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Financial institutions play a significant role in the economic development of a country broadly by promoting mobilization of resources and allocating the funds in the form of loans and advances. Indian banking sector widely includes Commercial, Cooperative and development banks is the backbone of the Indian economy. Efficient banking system helps in the nation’s economic development. Urban cooperative banks are primary cooperative banks located in urban and semi urban areas. Since inception, the urban cooperative Banks have been playing a major role in the socioeconomic development of the country by making available institutional credit at reasonable cost particularly in the urban and semi urban areas. Financial inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and weaker sections in particular. A financial system which takes care of the needs of the poor is to be developed on an urgent basis Urban cooperative banks , by their structure and nature of clientele are well designed to cater to financial inclusion as the basis of cooperative structure is mutual help and thrift. The present study tries to understand the significance of UCBs towards economic development.
Description
Keywords
Urban Cooperative Banks, Economic Development, Weaker Sections, Financial Inclusion, Mutual help