What do you mean by loan from cooperatives
Answers
Answer:
The loan amount received from the bank is used as funds to provide loans to the members. ... The Cooperative provides loans to its members for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses.
plz mark it as brainlist..
follow me..☺☺
Answer:
1. cooperative societies are small - scale organisations formed by people themselves
2. cooperative also take loan from banks
3. The members of cooperatives pool their resources in the account of the cooperatives and then extend loans to those in need
4. There are several type of cooperatives such as krishna cooperatives, weavers cooperatives, industrial workers cooperatives, etC
HOPE THIS ANSWER IS HELPFUL FOR YOU