Question

For which of the following purpose the Co-operative Development and Welfare Fund shall be utilised:

• A. To redeem the debts of the deceased borrowers of societies
• B. To pay salary to the employees of societies in loss
• C. To refund the deposits of deceased depositors of societies
• D. For the development activities of the societies and safeguarding the interests of the societies against any loss

Answer 1

Answer:

D. For the development activities of the societies and safeguarding the interests of the societies against any loss

The Co-operative Development and Welfare Fund is created to promote the growth and development of cooperative societies. It is also used to safeguard the interests of societies against losses, for example, through support for training, infrastructure, or financial assistance in emergencies. It is not meant for paying salaries, redeeming debts of deceased borrowers, or refunding deposits; those are handled through other specific provisions or funds.