A historical study of Co-operative movement in India

DR. DHANANJAIAH H. T

A historical study of Co-operative movement in India

Authors: DR. DHANANJAIAH H. T

Unique Paper ID: 167653
Volume: 1
Issue: 9
PageNo: 204-208

Keywords: Autonomous Association Open Membership Self Help Mutual Help Common Goal.

Abstract:
Co-operative Societies is an autonomous association of people united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. These co-operative societies are voluntary association that replaces capitalism with co-operation, listen to their members’ needs, are non-discriminatory in nature, arrive at decisions through discussions and follow the ideals of self-help and mutual help. Co-operatives exist in sectors such as retail, banking, housing, marketing, agriculture, manufacturing, purchasing, employment and in other sectors. Some of the most renowned co-operatives in India are Amul, Shree Mahila Gruha Udyog (Lijjat Papad), KRIBHCO, and Indian Farmers Fertiliser Cooperative (IFFCO – which is also one of the largest co-operatives in the world). India being an agrarian economy laid the foundation of world’s biggest cooperative movement in the world. According to Professor C. R. Fay, Co-operative is “an association for the purpose of joint trading, originating among the weak and conducted always in an unselfish spirit on such terms that all who are prepared to assume the duties of membership may share it’s rewards in proportion to the degree in which they make use of the associations”. Co-operation is based on self help as well as mutual help. It is a joint enterprise of those, who are not financially strong and cannot stand on their own legs and therefore come together not with a view to getting profits but to overcome disability arising out of want of adequate financial resources and thus better their economic conditions. According to the Co-operative Societies Act of each state, a co-operative society registered within a State under the law of that state, is not allowed to operate in other states without the permission of the Government or Registrar of Co-operative Societies of that State. In case of multi-State co-operative society, it can operate in more than one State as a matter of right

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ISSN: 2349-6002
Volume: 1
Issue: 9
PageNo: 204-208

A historical study of Co-operative movement in India

Available:https://ijirt.org/Article?manuscript=167653

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