They are expected to enable and induce rejuvenation of the structure by promoting voluntary, democratic, member-centric, self-governing mutual thrift and credit institutions. The State Government’s role in this scenario is expected to be not one of intrusive patronage, but one of promoting good and skilled management.
This process may be slower than one would wish, but it would certainly result in a stronger and healthier structure to serve the needs of the rural people. 8. As you are aware, a large number of State Co-operative Banks and Central Cooperative Banks were functioning without a banking license for decades.