How do cooperative societies and cooperative banks contribute to the rural credit structure in remote districts of Arunachal Pradesh?

💡 Solution & Explanation

Cooperative societies and cooperative banks function at the grassroots level in Arunachal Pradesh to mobilize local savings and provide accessible short-term credit to farmers and weavers who may lack immediate access to major commercial bank branches. They operate on cooperative principles of mutual aid and community participation. State cooperative banks provide vital refinancing support to these primary agricultural credit societies. Strengthening the cooperative credit structure is a key policy goal for rural poverty alleviation.