UPSC Civil Services 2020 Prelims General Studies Paper I

Statement1: Agency wise figures indicate that the share of cooperatives which was 98 per cent in 1971-72 has come down sharply to 44 per cent in 2001-02, while the share of SCBs has considerably increased from 1.9 per cent to 45 per cent during the same period. The RRBs which came into existence in 1975-76 have a share of 11 per cent.

Statement 2: Functions of DCCB

•DCCBs meet the credit requirements of member societies.

•They shall also perform the banking business and provide facilities relating to it.

•DCCBs act as a balancing center for Primary Agricultural Credit Societies (PACS). This is done by diverting the surplus funds of some societies to those who face shortages of funds.

•DCCBs can also perform non-credit activities.

•DCCBs maintain close and continuous contact with the PACS. This means they shall provide leadership and guidance to them.

•Further, DCCBs supervise and inspect PACS such that a safe place is provided for the investment of the PACS resources.