ROLE OF BANK IN FINANCING AGRICULTURAL COOPERATIVE SOCIETIES IN ENUGU STATE (A STUDY OF BANK OF AGRICULTURE (BOA)

The general objective of this study is Role of Bank in Financing Agricultural Cooperative Societies in Enugu State; A Study of Bank of Agriculture (BOA). The specific objectives of the study are: to find out what extent the micro finance bank is involved in financing co-operative societies, to ascertain the lending policies and conditions for granting loan by the banks, to find out the procedures involved in securing loan from the Union Bank and to make recommendations for better performance and partnership between Union Bank and co-operative societies. Both primary and secondary sources of data were employed. A sample of 67 was extracted from the population of 80. Data generated from the field were carefully analyzed using appropriate statistical methods. Based on the findings of the study, the researcher recommended that: the government should help to provide and partner with the Union Bank that are willing to empower the co-operative societies at the grassroot because by so doing, the rural areas will be developed; co-operative societies should also try to utilize and maximize the bank’s various loan facilities in order to expand their operation, the Union Bank on receiving fund from government should play their role very well by lending money to co-operative societies and reduce the interest rate charged on loan for co-operative societies and co-operatives on their part, should also invest the fund received from Union Bank into tangible project so as to meet up with the loan repayment