To solve the various problems associated with rural credit, enumerate the objectives which should be followed by the cooperative credit societies.

Question

Accepted Answer

To solve the various problems associated with rural credit, the cooperative credit societies should pursue the following objectives:

1. Liberate the Indian peasantry from the clutches of moneylenders and provide credit at low rates of interest.

2. Ensure timely flow of credit to the farmers.

3. Provide adequate credit support, covering all areas of needs of farmers.