HISTORY
MODERN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lord Curzon wanted to improve the condition of agriculture in India
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The money lenders had refused to advance loans to peasants
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India was plagued with several famines
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Lord Curzon was given a mandate to work for the welfare of peasants
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Detailed explanation-1: -Answer: Banks and cooperative societies need to lend more. This would lead to higher incomes and many more could then borrow cheaply for a variety of needs. Cheap and affordable credit is crucial for the country’s development.
Detailed explanation-2: -Cooperatives offer small agricultural producers opportunities and a wide range of services, including improved access to markets, natural resources, information, communications, technologies, credit, training and warehouses.
Detailed explanation-3: -INDIA. In India cooperation has its origin in the last quarter of 19th Century in attempts to provide relief to the farmers from the clutches of money lenders. The cooperative movement was introduced in India as a State policy and owes its inauguration to the enactment of the Cooperative Societies Act, 1904.