Question

Name the cooperative society set up:

a) to help the small producers in selling their products

b) to provide easy credit on reasonable terms to the members.

Also distinguish between the two on any three basis.​

Answer 1

Explanation:

These societies are formed to help the small producers in selling their products. Its members are the producers who want to obtain reasonable price for their output. The main aim of such a society is to eliminate middlemen and to provide a secured and favourable market for the products.

Credit Co-operative Societies- Credit co-operative societies are formed for providing easy credit on reasonable terms to the members These societies provide loans at low rates to members out of the amounts collected as capital and deposits from the members thereby eliminating exploitation by moneylenders

When you use a debit card, the funds for the amount of your purchase are taken from your checking account in almost real time. When you use a credit card, the amount will be charged to your line of credit, meaning you will pay the bill at a later date, which also gives you more time to pay.

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Answer 2

Answer:

These societies are formed to help the small producers in selling their products. Its members are the producers who want to obtain reasonable price for their output. The main aim of such a society is to eliminate middlemen and to provide a secured and favourable market for the products.

Credit Co-operative Societies- Credit co-operative societies are formed for providing easy credit on reasonable terms to the members These societies provide loans at low rates to members out of the amounts collected as capital and deposits from the members thereby eliminating exploitation by moneylenders