Enhancing Cooperative Thrift and Loan Scheme for Increased Agricultural Production in UDI Local Government Enugu State, Nigeria

This study assessed ways of enhancing cooperative thrift and loan scheme for increased agricultural production in Udi local government area of Enugu state. To achieve this, the study ascertained the effect of cooperative credit on member's agricultural production, determined the effect of cooperative savings on member's agricultural input, and examined the extent to which access to loan to cooperative members increase their standard of living. Data were obtained from Eight functional and active cooperative in the area. The researcher adopted a descriptive research design and made use of survey to make generalization based on findings of the study and also adopted a judgmental sampling technique, Taro Yamane formula was used to determine the same size of 120, The data obtained were analysed using simple percentage frequency distribution tables and likert scale. The stated hypothesis was tested using Pearson's product moment correlation analysis. Evidence from the study revealed that cooperative thrift and loan scheme plays a significant role on the agricultural production of members. Therefore, the researcher recommended that cooperative should provide more credit and thrifting services to members. Cooperative savings has a positive effect on Agricultural inputs therefore the cooperative should encourage their members to save and invest in viable agricultural businesses, such as poultry, piggery, fishery etc Government should also create an enabling environments for these cooperatives to thrive and Government should assist members with agricultural inputs, credit and supplies through their cooperatives. Okafor, Ogochukwu Esther | Michael Maureen Chinenye | Dr. Okafo Okoreaffia | Nwafor Obiageli Grace "Enhancing Cooperative Thrift and Loan Scheme for Increased Agricultural Production in UDI Local Government Enugu State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd57563.pdf Paper URL: https://www.ijtsrd.com.com/economics/other/57563/enhancing-cooperative-thrift-and-loan-scheme-for-increased-agricultural-production-in-udi-local-government-enugu-state-nigeria/okafor-ogochukwu-esther