Rural Cooperative Credit Restructuring and Development Program (December 2008)

Date: December 2008
Document Type: Progress Reports / Progress Reports on Tranche Releases
Project Number: 36343-013

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The rural finance paradigm in India for the most part has been driven by credit expansion through government-owned or -controlled financial institutions, particularly within the cooperative credit structure (CCS)1 comprising primary agricultural credit societies (PACSs), district central cooperative banks (DCCBs), and state cooperative banks (SCBs). The CCS2 has evolved into one of the largest rural finance systems in the world, with about 135 million members, of whom nearly 60 million are borrowers.