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Cooperative movement
80 (Importance (Pooling of resources
Small and…
Cooperative movement
80
Introduction
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Common economic needs
Voluntary agree to pool resources, money and material
Each for all, all for each
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Promotes self help, self reliance, mutual help and general good
Cooperative principles
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Limited rate of return on capital
Service motive, not profit accumulation
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Cooperation among cooperative, growth principle
National and international level
Importance
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Substance income without externalities
Tie up with purchases, assured sales
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Planed economic development
Capital formation, agriculture growth
Political benefits
Democracy, tolerance, corporation, fairness
Social benefits
Communal harmony, integrity, fraternity
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Evolution
Cooperative credit societies act 1904
No legal protection
No Central agency, for financing
Classification rural urban arbitrary
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97 Constitution amendment
9B, 43B
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Problems
/Way forward
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Bureaucratic control, political interference, over polarization
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Madhya Pradesh
First cooperative society in 1904
Sehora tehsil, jabalpur district
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Types of societies
Housing cooperative, 3000
Middle income and lower income group
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