Question

What is the significance of cooperatives in rural entrepreneurship in India?

• A. They disrupt local economies
• B. They isolate entrepreneurs from each other
• C. They focus solely on urban markets
• D. They help in pooling resources and sharing risks

Answer 1

Answer:

D. They help in pooling resources and sharing risks

Cooperatives play a significant role in rural entrepreneurship in India by pooling resources, providing access to affordable credit, facilitating skill development, and creating collective bargaining power.