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| Article Name : | | | THE URBAN CO-OPERATIVE BANKS, HISTORICAL PERSPECTIVE AND REVIEW BY THE MAJOR COMMITTEESA | | Author Name : | | | S. D. Kuduk | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-5576 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | It is fascinating to note the source and development of the co-agent credit development. Germany is thought to be the origination of the Urban Co-agent Credit Movement on the planet. The masses of German artisans experienced financial trouble; henceforth in 1850 the first Urban Credit Co-agent Society was begun by Mr. Herman Schultze Delitzsch. Its object was to add to the propensity for thrift among the individuals and to concede them advances on individual security at a lower rate of enthusiasm than the business rate. The achievement of these German social orders, later on, propelled the Italians to begin the comparable individuals' banks in Italy . Prof. Luizi Luzzatti the originator of these banks in Italy; began the bank to help the Italian individuals from their monetary misery. Later on the Urban Co-agent Banking Movement spread to different parts of the world. | | Keywords : | | |
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