Co-operative banking and economic development

Over the years co-operatives have come to be recognised as important institutions in the sphere of rural development. However, the role played by these institutions are not uniformly bright. There are regions where its success is all too evident and in some other the failure is conspicuous.

This book is the result of an indepth research work undertaken on the functioning of the Assam Cooperative Bank vis-a-vis its role in the economic development in the post independence period. The work reflects the performance of a co-operative credit institution in a co-operatively backward region with its accompanying limitations and shortcomings.

The learned author in this outstanding book studies in detail the background to development of Co-operative Credit Movement, case for an Apex Bank, analysis of fund-sources, deploy ment of sources, agricultural credit, tea financing, general advance, Cooperative Bank ing vis-a-vis the role of the Reserve Bank and the Government. The Bank's most notable performance is in the sphere of tea finance. It is worth mentioning here that Assam Co operative Apex Bank's involvement in tea finance is a unique feature and no other State Co-operative Bank in the country has been allowed to spread their business to this peculiar

commercial banking activity.. The importance of the book lies in the fact that not many literature are available in the country with exhaustive study of an Apex Cooperative Bank. The book will provide authentic insight of the co-operative banking institutions and it would be of great interest to the policy makers, bankers, co-operators, teachers, research scholars and students.