Agricultural credit cooperatives solving the problems of access to financial services in rural areas

Issue № 8, 2018, article № 18, pages 116-121

Section:

Language: Russian

Original language title: СЕЛЬСКОХОЗЯЙСТВЕННЫЕ КРЕДИТНЫЕ КООПЕРАТИВЫ В РЕШЕНИИ ПРОБЛЕМ ДОСТУПНОСТИ ФИНАНСОВЫХ УСЛУГ В СЕЛЬСКОЙ МЕСТНОСТИ

Keywords: AGRICULTURAL CREDIT COOPERATIVES, ACCESSIBILITY OF FINANCIAL SERVICES, REGULATION, SAVINGS INSURANCE, COOPERATIVEDEVELOPMENT INSTITUTIONS

Abstract: In recent years, there have been significant changes in the regulation of agricultural credit consumer cooperatives(ACCC), which significantly affect their current activities. In the article, based on the analysis and assessment of the availa-bility of financial services in rural areas, measures that contribute to reducing the regulatory impact and increasing thesustainability of the ACCС operation are suggested. The purpose of the work is to substantiate and propose measures thatcontribute to the sustainable development of the ACCC in current conditions. The article gives an analysis of the data of theFederal State Statistics Agency of Russia, including the All-Russian Agricultural Census of 2016, the Bank of Russia andpersonal observations of the author. It uses economic-statistical, analytical and monographic methods of research. The re-sults of the work. The actual measures related to the improvement of the legal and regulatory framework, the integration ofthe ACCC into the State Program for the Development of Agriculture for 2013-2020, the creation of a system for protectingthe savings of ACCC members, the support of development institutions (infrastructure) of agricultural credit cooperation.

Authors: Maksimov Anatolii Fedorovich