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Urban cooperative Bank started in India, in the State of Baroda as ---.

AMutual Aid Society

BCredit Cooperative Society

CPrimary Agricultural Credit Society

DProducer Cooperative Society

Answer:

A. Mutual Aid Society

Read Explanation:

URBAN COOPERATIVE BANKS:

  • These societies are established to provide cheaper credit to small traders, employees, artisans and middle class people living in urban area

  • First Urban cooperative Bank started in Germany 

  • Schulze Delitzch are the Father and Founder of urban cooperative Movement 

  • Luigi Luzzatti is the profounder of UCB – Italy (Pattern of Schultz)

  • Working among middle class people

  • Banaca Popularie (People Bank) - Italy - By LUIGY LUSSATI -CUSSATTA Banks – Urban area - Limited Liability

  • Schulze started first Cooperative Bank in 1852

  • Urban Bank in India indebted to Mac lagan committee - In India -19th century origin

  • Urban bank maintain SLR and CRR as per the rate fixed by RBI 

  • In India, urban cooperative Bank was started in Baroda State as Mutual Aid Society on 5th Feb 1889 by Vithal Laxman Kavithkar.


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