Social Sciences, asked by ruchiguptagupta844, 1 month ago

3. How do the cooperatives act as a channel to obtain a large sum as loan from the
banks?​

Answers

Answered by dsbobde
0

Answer:

Using the deposit as collateral, the Cooperative obtains a large loan from the bank. The loan amount received from the bank is used as funds to provide loans to the members. Once the members repay the loans the amount is repaid to the bank and a fresh loan is taken from the bank.

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