Concept:A credit and thrift co-operative society is a member-owned group that promotes regular saving and provides loans to members.
Explanation:Members contribute their savings into a common pool.
These pooled funds are then used to give credit or loans to members who need financial help.
The main aim is to encourage thrift (careful saving) and provide affordable access to money.
This is different from consumer or producer co-operatives, which focus on buying or producing goods together.
Because the society's core work is saving and lending, it is called a credit and thrift co-operative society.
Answer:B. Credit and thrift co-operative society