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Co opearative society”. It is a voluntary association of persons

who work together to promote their economic interest. It works on the principle of self-help

as well as mutual help. The main objective is to provide support to the members. Nobody

joins a cooperative society to earn profit. People come forward as a group, pool their

individual resources, utilise them in the best possible manner, and derive some common

benefit out of it.

A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank. Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Co-operative banks generally provide their members with a wide range of banking and financial services (loans, deposits, banking accounts...).