Credit cooperatives in India make up one of the largest rural
financial systems in the world. Playing a vital role in dispensing
credit in largely agricultural areas, they are also the weakest
link in the formal credit delivery system. This book provides a
valuable case study of the traditional banking system in this
developing economy, exploring the reasons for the poor performance
of credit cooperatives in India and suggesting measures to
revitalise them.
Although this sector has grown along with the micro-credit
sector to provide finance for the poor and the less creditworthy
borrowers, financing development still remains a major problem in
the developing world. However, the financial health of credit
cooperatives in India has been a matter of perennial concern. The
author argues that cooperatives hold great promise for financial
inclusion if the financial position of the cooperatives can be
consolidated. Providing a detailed analysis of the historical
evolution of cooperatives in India, the book establishes the link
between different segments of this institutional system and their
performance in a commercial sense to show that cooperatives occupy
an important place in India's financial edifice as they play a key
role in the multi-agency framework for rural credit delivery. As
such, the analysis provides a valuable reference for scholars of
economics, Asian economics and finance.
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