Which apex cooperative financial institution operates at the state level to provide refinance and financial support to cooperative banks across Punjab?

💡 Solution & Explanation

The Punjab State Cooperative Bank functions as the apex institution coordinating the cooperative credit structure across the state, channeling funds to district central cooperative banks. Punjab National Bank and State Bank of India are commercial banks operating nationwide. NABARD is a national-level apex development bank rather than a state-run cooperative entity. Cooperative credit institutions play a vital role in disbursing short-term crop loans to farmers in Punjab.