The main aim of co-operative banks is to provide monetary help to common people especially villagers. Farmers, artisans, small scale entrepreneurs etc. chiefly avail the services of co-operative banks.
The aims of Co-operative banks are :
- Provide loans to the public
- Protect the villagers from private money lenders
- Provide loans at low rate of interest
- Promote saving habits among the rural folk Co-operative banks function at different levels
State Co-operative Bank
- The apex body in the state co-operative sector.
- Provides financial assistance to District Co-operative Banks and Primary Cooperative Banks.
District Co-operative Banks
- Operate at the district level.
- Provide assistance and guidance to Primary Co-operative Banks.
Primary Co-operative Banks
- Function in villages
- Area of functioning is limited.
- Promote the saving habits in villagers
- Provide loans to villagers at low rate of interest.