Welcome to the Bananas.org forums.
You're currently viewing our message boards as a guest which gives you limited access to participate in discussions and access our other features such as our wiki and photo gallery. By joining our community, you'll have access to post topics, communicate privately with other members (PM), respond to polls, upload photos, and access many other special features. Registration is fast and simple, so please join our community today!
If you have any problems with the registration process or your account login, please contact us.
|Register||Photo Gallery||Classifieds||Wiki||Chat||Map||Search||Today's Posts||Mark Forums Read|
|Banana Economics Forum Bananas are the number one exported fruit in the world, and the number one fruit eaten in nearly every country. This forum is for discussions of the economics of bananas involving producers, economists, consumers, transporters, wholesalers, and governments.|
|Members currently in the chatroom: 0|
The most chatters online in one day was 17, 09-06-2009.
No one is currently using the chat.
|Email this Page|
|10-26-2009, 02:30 AM||#1 (permalink)|
The cooperative banks: A modest attempt to herald a change
The earliest attempt towards institutional rural credit was through the formation of cooperative organizations. They were started with the avowed objective of relieving the farmers from the clutches of moneylenders and the indigenous bankers. The first Cooperative Societies Act was enacted several decades ago and it was subsequently amended.
The Cooperative banks of those times had a three tier set up
a) State Cooperative Bank
b) Central Cooperative banks or district Cooperative banks
c) Primary credit societies
These societies were of two types:
i. Primary Agricultural Credit Societies
ii. Primary (Urban) Cooperative Societies
However, the role of these societies was limited to a particular area of influence and they subsequently did not survive the massive changes in the rural areas. When people started migrating in a mass way into the prominent cities, some of the rural areas wore a deserted look. In earlier times, small and marginal farmers were the main customers, but with the corporate sector gaining control over land and agriculture, the small farming communities literally disappeared from the scene.
While the farming community started melting away, their place was taken up by the new migrants from the urban areas. The new migrants started arriving as a trickle and later on it became a wave. Lending firms like LoanMax of rod aycox fame targeted this group of people to market their various financial products and services. The market potential was thoroughly analyzed and tapped by this firm in a big way. Also, the erstwhile rural areas adjacent to the cities started getting urbanized at a faster pace. Along with this trend in urbanization, the need for finances to fuel the various developments also increased. Firms like LoanMax stepped into the picture and met the immediate credit needs of those people and made a name for itself as a major lender.
Are you a banana plant enthusiast? Then we hope you will join the community. You will gain access to post, create threads, private message, upload images, join groups and more.
|Email this Page|
|Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Change||Plantaseeds||Other Plants||2||04-05-2009 10:13 PM|
|Worsleya for change||Plantaseeds||Other Plants||3||10-21-2008 10:11 AM|
|My first attempt to grow bananas.||Scijox||Main Banana Discussion||3||05-10-2008 10:33 PM|
|My humble Canadian attempt||sunsetsammy||Main Banana Discussion||17||10-19-2007 04:25 PM|
|An attempt in the really cold zone||kevensquintana||Cold Hardy Bananas||4||07-19-2007 01:01 AM|