Question

discuss important features and functioning of cooperatives in rural areas​

Answer 1

Answer:

The importance of cooperative societies in the rural areas is mainly due to the fact that, they provide sustainable development to the agriculturists. This is done through developing infrastructure and support facilities. ... Agricultural marketing societies enable farmers to benefit from increased bargaining strength.

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Answer 2

Answer:

1. Poverty eradication.
2. Socio-Economic development

Explanation:

• India is an agrarian country and half of its population still lives in villages.

• The rural sector in India is the major contributor to the overall GDP of the country still there is a lack of development in the villages of India.

• Cooperatives consist of more than 97% of rural India and share huge credit in the development of the rural sector and contributing to the overall economy of the country.

• After independence, the role of cooperative in Indian grew rapidly to encompass Socio-Economic development and poverty eradication programs in rural India.