Cooperatives are model for inclusive growth: D Subbarao

.....Commenting on several infirmities of the Indian cooperative sector, he said, “Weak finances, growing NPAs and poor resource base are factors contributing to the declining performance of the cooperatives at the bottom level. These grass root institutions mostly depend on the higher agencies.The cooperative structure is biased in favour of borrowers, and depositors get an unequal treatment. Only borrowers can become members of the cooperative. Depositors are either non-members or ‘nominal’ members with no voting rights. Yet, it is possible to cure these infirmities and revive the cooperative structure into health and vibrancy.”.........

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