When small co-operative societies were formed in rural areas long long ago , they became successful and co-operative movement in the country progressed step by step. These co-operative societies, mostly formed on community basis , were mainly artisan co-operative societies ,service co-operative societies ,cottage industry co-operative societies, handloom handicraft societies, marketing co-operative societies ,etc. All these co-operative societies needed finance from outside beyond the share capital raised by them. Therefore co-operative societies on community basis were formed on community basis to meet the credit needs of the community members in the rural areas. This was the beginning of the co-operative credit movement in rural areas. This happened about a century back in our country. These rural credit co-operative societies were the forerunners of the present day rural co-operative banks.
Many of these credit societies expanded their activities, accepting deposits from outside the co-operative society members and termed themselves as Banks. This transformation of the Rural credit societies into Rural co-operative banks took place gradually till the Banking Regulation Act was amended in 1966 bringing all rural co-operative banks under the purview of this Act imposing certain conditions.
CGPCS Notes brings Prelims and Mains programs for CGPCS Prelims and CGPCS Mains Exam preparation. Various Programs initiated by CGPCS Notes are as follows:-