Question

6. Explain the role of co-operatives in developing countries​

Answer 1

Answer:

Role of cooperatives in developing countries

Works for the economic progress of the nation

Uplifts the poor people.

Develop the weaker section of the country

Bring balance between economic and social development of the country

Mobilization of resources in rural areas

Employment of the people in agricultural sector

Provide better qualities of seeds, fertilizers, pesticides, insecticides to the farmers

Help to get agricultural loan.

Helps to establish business in low capital

Enhance the economic activities like banking, shares, investment and so on

Encouragement in saving

Farmers, employee, and small retailers who are often neglected for loan are provided credit facilities.

Provides loan to poor farmers at low interest rate.

Elimination of poverty

Increase the living standard of people

Explanation:

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Answer 2

Answer:

Role of cooperatives in developing countries-

1. Works for the economic progress of the nation
2. Uplifts the poor people.
3. Develop the weaker section of the country
4. Bring balance between economic and social development of the country
5. Mobilization of resources in rural areas
6. Employment of the people in agricultural sector
7. Provide better qualities of seeds, fertilizers, pesticides, insecticides to the farmers
8. Help to get agricultural loan.
9. Helps to establish business in low capital
10. Enhance the economic activities like banking, shares, investment and so on
11. Encouragement in saving
12. Farmers, employee, and small retailers who are often neglected for loan are provided credit facilities.
13. Provides loan to poor farmers at low interest rate.
14. Elimination of poverty
15. Increase the living standard of people