Consider the following statements:
1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.
2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.
Which of the statements given above is/are correct?
The district central co-operative bank occupies a key position in the co-operative credit structure. But the District Central Cooperative Banks (DCCBs) does not provide quantitatively more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks. So, statement 1 is not correct. The most significant functions of the district central co-operative bank is to provide financial support to the primary co-operative societies that are affiliated to it in the district . So, statement 2 is correct. Therefore, the correct answer is (b)