{"id":16514,"date":"2023-10-31T05:17:35","date_gmt":"2023-10-30T23:47:35","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=16514"},"modified":"2025-04-04T19:56:06","modified_gmt":"2025-04-04T14:26:06","slug":"dccb","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/dccb\/","title":{"rendered":"District Central Co-operative Banks (DCCBs)"},"content":{"rendered":"<h2>About District Central Co-operative Banks (DCCBs)<\/h2>\n<ul>\n<li>A DCCB is a\u00a0rural cooperative bank operating at the district level\u00a0in various parts of India.<\/li>\n<li>It is established to provide banking to the rural hinterland for the\u00a0agricultural sector,\u00a0with the\u00a0branches primarily\u00a0established in rural and semi-urban areas.<\/li>\n<li>DCCB\u00a0provides finance to all the co-operative societies in the district,\u00a0and conduct the activities and\u00a0provide banking services according to the provisions of the co-operative act and banking act.<\/li>\n<li>They\u00a0act as a link between the primary credit co-operative society\u00a0and the\u00a0State Co-operative Bank.<\/li>\n<li>At the district level, DCCB works as a banker of state government. Educational institutions, Zilla Parishad, Panchayat Samiti, Gram Panchayat, cooperative societies, etc have accounts in this bank.<\/li>\n<li>All the\u00a0financial transactions of co-operative sector are conducted through DCCB.<\/li>\n<li>DCCBs have\u00a0three sources of funds:\n<ul>\n<li>Their own share capital and reserves<\/li>\n<li>Deposits\u00a0from the public and<\/li>\n<li>Loans from the state co-operative banks<\/li>\n<\/ul>\n<\/li>\n<li>The\u00a0main functions of\u00a0the DCCBs are<\/li>\n<li>To\u00a0meet the credit requirements of member-societies<\/li>\n<li>To\u00a0perform banking business<\/li>\n<li>To act as a\u00a0balancing centre for the Primary Agricultural Credit Societies (PACS)\u00a0by diverting the surplus funds of some societies to those which face shortages of funds<\/li>\n<li>To\u00a0undertake non-credit activities<\/li>\n<li>To\u00a0maintain close and continuous\u00a0contact with PACS\u00a0and\u00a0provide leadership\u00a0and guidance to them<\/li>\n<li>To supervise and inspect the PACS\u00a0and<\/li>\n<li>To\u00a0provide a safe place for the\u00a0investment of the resources of PACs<\/li>\n<li>They\u00a0also lend directly to the public for non-agricultural purposes within the area of operation of their branches.<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What are Primary Agricultural Credit Societies (PACS)?<\/h3>\n<p>Primary Agricultural Credit Societies are the grass root level arms of the short-term co-operative credit structure. PACS deals directly with the rural (agricultural) borrowers, give those loans and collect repayments of loans given and also undertake distribution and marketing functions. They occupy a predominant position in the co-operative credit structure and form its base. It serves as the final link between the ultimate borrowers on the one hand and the higher financing agencies, namely the Scheduled Commercial Banks, and the RBI\/NABARD on the other hand.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.zeebiz.com\/personal-finance\/banking\/news-rbi-prescribe-norms-for-closure-of-dccb-branches-reserve-bank-of-india-district-central-co-operative-banks-261977\" target=\"_blank\" rel=\"nofollow noopener\"><u>RBI prescribe norms for closure of DCCB branches<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A District Central Co-operative Bank is a rural cooperative bank operating at the district level in various parts of India.<\/p>\n","protected":false},"author":5,"featured_media":16515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-16514","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/16514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=16514"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/16514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/16515"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=16514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=16514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=16514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}