The short-term co-operative credit structure operates with a three-tier system - Primary Agricultural Credit Societies (PACS) at the village level Central Cooperative Banks (CCBs) at the district level and State Cooperative Banks (StCBs) at the State level. PACS are outside the purview of the Banking Regulation Act 1949 and hence not regulated by the Reserve Bank of India. Primary Cooperative Banks (PCBs) also referred to as Urban Cooperative Banks (UCBs) cater to the financial needs of customers in urban and semi-urban areas.csr general knowledge today
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