A large part of cooperative credit is dispersed to __________.

small farmers

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landless agricultural labourers

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rural artisans

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large and rich farmers

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Solution

The correct option is D large and rich farmers
A large part of cooperative credit is dispersed to large and rich farmers.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.

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Similar questions

Agricultural markets are dominated by private traders like moneylenders, rural political leaders, big merchants and rich farmers.

Q39)Statements:

I. The local co-operative credit society has decided to stop giving loans to farmers with immediate effect.

II. A large number of credit society members have withdrawn major part of their deposits from the credit society.

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