(1) The cooperative banks disbursed credit on the loans on demand mostly without proper guarantees and documents. Hence repayments were always at the mercy of the borrowers and up to some extent on good crops. |
(2) The cooperative banks are mostly under the supervisory control of the Panchayats, which are not professionally qualified to control suchinstitutions. |
(3) Cooperative Banks do not get any relief package from the Govt. Hence they have to manage their affairs on their own resources only. |
A) Only (2)
B) Only (1)
C) Only (3)
D) All (1), (2) & (3)
E) None of these
Correct Answer: B
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