Record Details

Rural Credit Co-operatives: Significance, Challenges and the Road Ahead

MANTHAN: Journal of Commerce and Management

View Archive Info
 
 
Field Value
 
Title Rural Credit Co-operatives: Significance, Challenges and the Road Ahead
 
Creator Sury, M. M.
 
Subject Rural Credit Cooperatives; Institutional credit; Agriculture.
 
Description Rural co-operatives form an integral part of the rural credit system in India. They are the main source of institutional credit to the farmers, and are chiefly responsible for breaking the monopoly of moneylenders in providing credit to the agriculturists. Despite the phenomenal outreach and volume of operations, the financial health of a very large proportion of rural credit co-operatives has deteriorated significantly. The institutions are beset with problems like low resource base, high dependence on external sources of funding, excessive governmental control, dual control, huge accumulated losses, imbalances, poor business diversification, low recovery etc. These institutions do not, therefore, inspire confidence among their existing and potential members, depositors, borrowers and lenders. Thus, there is a need to find ways for strengthening the co-operative movement and making it a well-managed and vibrant medium to serve the credit needs of rural India, especially the small and marginal farmers.
 
Publisher Journal Press India
 
Date 2016-12-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/MANTHAN/article/view/7876
10.17492/manthan.v3i2.7876
 
Source MANTHAN: Journal of Commerce and Management; Vol 3, No 2 (2016)
2347-4440
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/MANTHAN/article/view/7876/7211