Role of cooperative organization in developing countries

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