However, members having a voting right do not take active part or show interest in the affairs of the cooperatives since the control and management is vested in a few members .Besides, depositors, whose money is intermediated by the cooperatives, have no voting right or any say in the management. Not keeping pace with changes 22.
Cooperatives have been unable to adapt themselves to the rapid pace of changes in the financial sector. Cooperatives have lagged behind in designing of new products and services and in adoption of technology and advanced management practices that have changed the face of financial sector in the post economic-liberalization era.