Tuesday, August 20, 2013

Reforms move in cooperative credit system faces opposition

..............The farmers would be constrained to go to the district level CCBs for fulfilment of their credit needs if the three-tier system was replaced by the two-layered one”, he apprehended. T. Ganga Raju, member of the Andhra Pradesh PACS Employees Union said the move for ‘dilution’ of the PACS was very much in contravention of the RBI guidelines which envisage provision of a credit disbursement outlet in every habitation with a population not less than 2000 under its flagship programme of Financial Inclusion (FI).

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