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| 1. |
Describe the working of Krishak co operative of sonapur |
| Answer» Krishak banks are a Cooperative bank of villagers (here Sonapur) that provides loans for the purchase of agricultural implements, agricultural trades, fishery loans or house loans etc. It has more than 2500 members and works in the following steps:First it accepts deposits from its members, then with these deposits as collateral, it obtains large amount of loan from the commercial / government banks.These funds are used to provide loans to members.Once these loans are repaid, another round of lending takes place.\xa0 | |