This pulled them into a vicious cycle of falling business, poor governance and weak human resources. 23. The declining share of cooperatives in rural credit is worrisome especially since they are oftentimes the only source of support for small and marginal farmers.
The health of the long term cooperative credit structure is also a cause for concern as it affects capital formation and hence productivity in agriculture. Yet their outreach is their strength and they need to leverage on this 24. Do all the infirmities I have outlined above mean that cooperative institutions do not have any positives and are not relevant today?