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Rural Cooperatives in India and Covid 19 – An Impact Study
Vinimaya ; 43(1):36-50, 2022.
Article in English | ProQuest Central | ID: covidwho-1970575
ABSTRACT
In this regard, the Local Circles Survey conducted in April 2020 suggests that, 47 per cent small borrowers had just one month of cash left to run their business1 Similarly, as per Money Outlook survey, almost 25 per cent of micro enterprises in rural areas faced a closure due to lack demand2 Also, the recent RBI publication states that, 65 per cent of loans were under moratorium as on April 30, 2020 and, borrowers including farmers, traders and micro enterprises engaged in food processing etc. experienced difficulties to repay bank dues subsequently3. [...]RBI announced a series of relief measures including moratorium on payment of loan installments, asset classification allowing to remain standstill, restructuring of loans etc., while helping rural cooperatives to continue to provide credit to agriculture and allied activities. [...]DCCBs were less dependent on borrowings due to higher share of deposits whose percentage to total liabilities was around 18.5 as against around 25.5 as in the case of St.CBs. [...]owned funds formed to be another major source to lend on long term basis whose percentage to total liabilities stood at 18 and 12 for St.CBs and DCCBs respectively. [...]St.CBs were relative more active in short term lending while DCCBs were known for long term credit. The amount of profit per St.CB, DCCB and PAC amounted to Rs. 52.24 crores, Rs.2.41 crores and Rs. 0.02 crore respectively. [...]among the Short Term Cooperatives, St.CBs were better placed in raising low cost of funds and using the same for lending to a larger extent which enabled them to maintain higher profits.
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Collection: Databases of international organizations Database: ProQuest Central Type of study: Experimental Studies / Observational study Language: English Journal: Vinimaya Year: 2022 Document Type: Article

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Collection: Databases of international organizations Database: ProQuest Central Type of study: Experimental Studies / Observational study Language: English Journal: Vinimaya Year: 2022 Document Type: Article