Essay on the Importance of Co-operative Movement to Indian Agriculture
The co-operative movement was started in India largely with a view to providing agriculturists funds for agricultural operations at low rates of interest and protect them from the clutches of money lenders. Image Source: yourarticlelibrary.comThey meet all types of credit viz., short term, medium term and long term credit requirements. Co-operative Agricultural Credit Structure: ADVERTISEMENTS: Short term and Medium term credit (three tiers):1. State Co-operative Bank (SCB).2. District Central Co-operative Bank (DCCB). ADVERTISEMENTS: 3. Primary Agricultural Credit Societies (PACS). Primary Agricultural Co-operative Societies (PACS): Functions: i. To provide short term and medium term credit.ii. To supply agricultural inputs like fertilizers and seeds. ADVERTISEMENTS: iii. To provide marketing facilities for the sale of agricultural produce.iv. To associate itself with economic and social welfare programmes of the village.Sources of Funds: Share capital,…