Distinguish between an urban credit co-operative society and a rural credit co-operative society.

Exercises · Q6

Q. Distinguish between an urban credit co-operative society and a rural credit co-operative society.

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The two types can be distinguished on several points:

Basis	Urban Credit Society	Rural Credit Society
Area of operation	Towns and cities	Villages
Members	Small traders, artisans, salaried people	Farmers, farm labourers, village artisans
Purpose of loans	Trade, small business and personal needs	Cultivation, cattle and village needs
Chief problem it fights	High-cost private finance for small business	Exploitation of farmers by the village moneylender
Further growth	May grow into an urban co-operative bank	Forms the base of the three-tier rural credit structure

Q.Distinguish between an urban credit co-operative society and a rural credit co-operative society.