Historical development of co operative

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1. ASSIGNMENT ON TOPIC:- HISTORICAL DEVELOPMENT OF CO- OPERATIVE COURSE NAME:- AGRICULTURE FINANCE & PROJECT MANAGMENT COURSE NO. :- AG ECON 509 SUBMITTED TO , SUBMITTTED BY Dr. A.k.Gauraha Jayant Nishad Proffesor ,Deppt . Of Agri. M.Sc. Previous year Economics Deppt . Of Agri. Eco.

2. Introduction & Definition :- According to Calvert “ Co-operative is a form of organisation,wherein persons voluntarily associate together as humane beings on the basis of equality for the promotion of common economic interest of themselves .” ‘ Coperation ’ is originated in Europe. Britain is the homeland of cooperative store movement. Primary objective of cooperative marketing is to reduce marketing margin and to assure the farmer a better price .

3. History Cooperative In India :- 1.) 1904 in Co-operative movement in India started .when co-operative credit societies act was passed. Father of co-operative movement in India was F.NICHOLSON. Limitation of 1904 act: No any provision for the formation of non-credit societies. 2.)1912 act : Provision for the formation of non-credit societies with the aim to improved the economic status of its member as well as to meet the daily requirment . There was Provision for the formation of central co-operative society also(no provision in 1904 act). 3.)In 1914 the govt. appointed a commitee under Sir Macglan and it observed that people were had the impression that co-operation were mainly the govt. agencies.Therefore he recommended :- (a) for the proper education of the co-operative principles so that member may participate efficiently. (b) the formation of co-operative societies. (c) to form the provincial co-operative society in each state. (d) for careful scruting of member before granting loans. cont….

4. 4.)In 1944,Govt. appointed an agriculture finance sub-committee under Prof.D.R.Gadgil to study the co-operative movement and to give suggestion for their improvement. 5.)In 1945,Govt. appointed a Co-operative planning committee which submitted its report in 1946. 6.)In 1951,All India Rural Survey Committee Report was published The chairman of the committee was A.D.Gorwala . Its recommendation are :- (a) Organisation of large size co-operative society. (b) Organisation of Marketing Cooperatives. (c) Assistance form Govt. in the form of loan and subsidies to the society. (d) Adoption of system of controlled credit. (e) Establishment of SBI as Institution Which may assist the Cooperative Society through its rural branches. cont…

5. 7 ) In 1954 he All India Rural Cooperative Society recommended for the formation o large size society. 8) In April 1958,3 rd Indian cooperative Congress held at New Delhi and recognised the importance of cooperative sector. 9) In 1959, Indian National Congress at Nagpur session accepted the resolution of Agrarian Economy and this resolution brought a radical change in the policy and programme of cooperative movement. 10) In 1939,Multipurpose cooperative society were 1 st established in Orissa. 11) The year 1954 is a landmark in the history of rural credit policy in India.

6. 1)Primary Co-operative Credit Society Strucuture of c o-operative Banks- : Short term - scb,dccs , pacs The primary co-operative credit society is an association of borrowers and non-borrowers residing in a particular locality. The funds of the society are derived from the share capital and deposits of members and loans from central co-operative banks. The borrowing powers of the members as well as of the society are fixed. The loans are given to members for the purchase of cattle, fodder, fertilizers, pesticides, etc.

7. 2)Central co-operative banks These are the federations of primary credit societies in a district and are of two types-those having a membership of primary societies only and those having a membership of societies as well as individuals. The funds of the bank consist of share capital, deposits, loans and overdrafts from state co-operative banks and joint stocks. These banks provide finance to member societies within the limits of the borrowing capacity of societies. They also conduct all the business of a joint stock bank . 3) State co-operative banks The state co-operative bank is a federation of central co-operative bank and acts as a watchdog of the co-operative banking structure in the state. Its fund s are obtained from share capital, deposits, loans and overdrafts from the Reserve Bank of India. The state co-operative banks lend money to central co-operative banks and primary societies and not directly to the farmers.

8. the Land development banks are organized in 3 tiers namely; state , central and primary level and they meet the long term credit requirements of the farmers for developmental purposes Long term- cldb , sldb , pldb

9. REFERENCES:- 1)AGRICULTURE FINANCE AND MANAGEMENT S.SUBBA REDDY & P.RAGHU RAM

10. THANKS