Cooperative Movement in Tripura, India
COOPERATIVE MOVEMENT IN TRIPURA
Cooperatives (except some large ones) are a local institution addressing local needs, employing local talent and led by local leaders. It has immense potential to deliver goods and service, food security and to generate employment generation in the area where both the public and private sector have failed.
A Cooperative society can be formed under the Cooperative Society Act 1912 by a minimum of ten members. Such a society has to adopt necessary by-laws and be registered Registrar of Cooperative Society of the state concerned.
All types of cooperative societies work on the same principle but differ only with regard to the nature of the activities they perform. These are the different types of cooperative societies that exist in our country are as follows:
1. Consumer’s Cooperative Society: Principle aim of this society is to supply consumer goods at a reasonable price and eliminate the possibility middlemen in the process of such distribution.
2. Producer’s Cooperative Society: These societies are formed to protect the interest of the small producers by providing effective and smooth supply of raw materials, equipments, tools etc.
3. Cooperative Marketing Society: These societies generally collect the products from the small producers at a reasonable price and take the responsibility of selling the products.
4. Cooperative Credit Society: These societies are established for providing financial support to the members at a low rate of interest.
5. Cooperative Farming Society: Small farmers are united in these types of cooperative to enjoy the benefit of large scale farming.
6. Housing Cooperative Society: These societies generally purchase land, develop it and construct houses or flats so that they can be allotted to the members for residential purpose.
In India the Cooperative Movement in its modern form its beginning in 1904 with the enactment of Co-operative Credit Societies Act on 25th March 1904. The
Cooperatives (except some large ones) are a local institution addressing local needs, employing local talent and led by local leaders. It has immense potential to deliver goods and service, food security and to generate employment generation in the area where both the public and private sector have failed.
A Cooperative society can be formed under the Cooperative Society Act 1912 by a minimum of ten members. Such a society has to adopt necessary by-laws and be registered Registrar of Cooperative Society of the state concerned.
All types of cooperative societies work on the same principle but differ only with regard to the nature of the activities they perform. These are the different types of cooperative societies that exist in our country are as follows:
1. Consumer’s Cooperative Society: Principle aim of this society is to supply consumer goods at a reasonable price and eliminate the possibility middlemen in the process of such distribution.
2. Producer’s Cooperative Society: These societies are formed to protect the interest of the small producers by providing effective and smooth supply of raw materials, equipments, tools etc.
3. Cooperative Marketing Society: These societies generally collect the products from the small producers at a reasonable price and take the responsibility of selling the products.
4. Cooperative Credit Society: These societies are established for providing financial support to the members at a low rate of interest.
5. Cooperative Farming Society: Small farmers are united in these types of cooperative to enjoy the benefit of large scale farming.
6. Housing Cooperative Society: These societies generally purchase land, develop it and construct houses or flats so that they can be allotted to the members for residential purpose.
In India the Cooperative Movement in its modern form its beginning in 1904 with the enactment of Co-operative Credit Societies Act on 25th March 1904. The
References: Deb, Alok Kumar (2006): World Cooperative Movement, www,cooperative movement india.com Hanumantha, Rao.C.H.(2005): Agricultural Growth, Farm Size and Rural Poverty Alleviation in India 398p. Samantaray, P.C.(2004): Hundred Years of Cooperative Movement: Emerging Issues and Challenges, Orissa Review. Thorat, Y.S.P.(2005): Keynote Address, Centenary of Indian Cooperative Movement. Round Table on Cooperative Banking, Pune. Lopoyetum, Dr. Samwel.K(2004): Problems and Prospects of Cooperative Banking, Kurukshetra,Vol.52,No.12. Vinay,M.R.,Manjappa,D.H.(2004): Dairy Cooperatives, Kurukshetra,Vol.52,No.12. Chavan, Pallavi(2002): Banking Infrastructure in Tripura, www.papers ssrn.com Das, Banishree, Palai, Dr Samabay Andoloner Sat Bachar(1998-2005): Department of Cooperatives, Govt. of Tripura. Performance of Primary Agricultural Credit Societies (2004-2005): National Federation of State Cooperative Banks Ltd., Mumbai-400703.