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Topic: Business
Number of pages / Number of words: 6 / 1583
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Though the magnitude and timing of savings and loans are largely unrelated, a special effort is made to mobilize savings from members. There are now a large number of ?new generation' cooperative credit societies in India devoted specifically to providing financial services to the poor. Most of these are in Andhra Pradesh that was the first to enact a law permitting mutually aided ? as opposed to traditional government-assisted ? cooperative societies...


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Most of these are in Andhra Pradesh that was the first to enact a law permitting mutually aided ? as opposed to traditional government-assisted ? cooperative societies. Loaning to borrowers outside cooperative fold is practiced by the commercial banks. In such cases, effectiveness of credit delivery is enhanced through introduction of credit cards like KCC, SCC, and LCC etc...


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