Question

Cooperative agricultural and rural development Bank in each state give long term credit to rural people some of the problems with his arrangement??

Answer 1

Dear student, there is high rural indebtedness, which averse these organizations to provide loans. Also, there are many organisations related to agricultural credit which now ceases to exist. Thirdly, cooperative bank and rural development banks have lot of formalities which needs to be fulfilled while granting loan. Also, refinancing facility is also become very much difficult under cooperative society..... Regards!!