How does the Cooperative movement in India reflect the impact of policy inaction?
Analyze the challenges faced by the Cooperative movement due to policy inaction.
- Lack of proper legal framework: The absence of updated laws governing cooperatives leads to governance issues and hampers their overall functioning.
- Political interference: Policy inaction allows for political interference in the functioning of cooperative societies, leading to mismanagement and corruption.
- Financial mismanagement: Without clear policies and regulations, cooperatives face challenges in managing their finances effectively, leading to financial instability.
- Lack of government support: Policy inaction results in inadequate government support for cooperatives, hindering their growth and sustainability.
- Limited access to resources: Due to policy inaction, cooperatives struggle to access resources such as credit, training, and technology, impeding their development.
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