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- Title
Indian Cooperatives Everywhere: An Assessment of Possibilities and Fiscal Options.
- Authors
NAYAK, SUNDEEP KUMAR; CHHANESHAPPA, K. T.; MOHANTY, AYASAKANTA; SWAIN, P. K.
- Abstract
The Cooperative movement in India in the British legal context, dates back to 1904, although the Vedas highlight the spirit of cooperation and prosperity on earth centuries ago. With the creation of an independent Ministry of Cooperation in the Central Government, this movement has received a big boost with right frameworks being put in place through a slew of strategic decisions. The focus is on primary cooperatives playing a frontal multi-activity role in transforming India's rural economy, instead of the traditional focus on inputs such as credit, fertiliser, pesticides, etc. The scope of work of primary agricultural cooperative credit societies has been expanded through a model by-law to about 25 diverse business activities. Also, the aim is to set up 200,000 new and modern cooperatives across the country. This paper examines the context, opportunities and challenges in some sectoral types of cooperatives.
- Subjects
INDIA; VEDAS; COOPERATION; COOPERATIVE agriculture; COOPERATIVE societies; AGRICULTURAL credit; COOPERATIVE banking industry
- Publication
Productivity, 2022, Vol 63, Issue 3, p245
- ISSN
0032-9924
- Publication type
Article
- DOI
10.32381/PROD.2022.63.03.1