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Agricultural cooperative: a pillar for agriculture development and food security in India

By: Sathisha.
Contributor(s): Katti, Medhavini S.
Publisher: Kolkata CMA Kaushik Banerjee 2023Edition: Vol.58(8), Aug.Description: 43-47p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here In: Management and accountant journalSummary: This study emphasizes the significant role of agricultural cooperatives in ensuring food security in India. Cooperatives offer credit to small and marginalized farmers and producer including women, to engage in agriculture and allied activities for self-reliance and improve their standard of living. Out of 30 lakh cooperative societies globally, 8.55 lakh exist in India and around 13 crore people are directly connected with them. In India, 91 per cent of villages have cooperatives. Cooperative Banks are the second largest credit contributors to the agriculture sector after commercial banks in India. Cooperative banks’ distribution of credit and Kisan Credit Cards significantly influence agricultural development and food security in India.
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This study emphasizes the significant role of agricultural cooperatives in ensuring food security in India. Cooperatives offer credit to small and marginalized farmers and producer including women, to engage in agriculture and allied activities for self-reliance and improve their standard of living. Out of 30 lakh cooperative societies globally, 8.55 lakh exist in India and around 13 crore people are directly connected with them. In India, 91 per cent of villages have cooperatives. Cooperative Banks are the second largest credit contributors to the agriculture sector after commercial banks in India. Cooperative banks’ distribution of credit and Kisan Credit Cards significantly influence agricultural development and food security in India.

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