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The Role of Cooperative Societies in the Economic Development of India

The idea of cooperation is not new to man. It is as old as man himself. Cooperatives are an almost universal form of organization today found in practically all countries and used by people in many ways. The cooperatives are formed to secure low cost credit, to purchase supplies and equipment for farming and household needs, to market products, even to secure many services, like electric power, irrigation, health, and insurance. Cooperatives can be used in many ways to benefit people in the everyday needs of life.
The meaning of cooperation is that isolated and powerless individuals can, by combining with one another, achieve advantages available to the rich and the powerful so that they may advance not only materially but also morally. In other words a cooperative is a business organization that is owned by those who use its services, the control of which rests equally with all the members. It is voluntary and democratic and the moral element is as important as the material one. Furthermore, it recognizes social, educational, and community values.
It is easier to understand the concept of the cooperative by knowing its specific objectives. They can be summed as follows:
1) They aim to provide goods and services.
2) They aim to eliminate the unnecessary profits of middlemen in trade and commerce.
3) They seek to prevent the exploitation of the weaker members of society.
4) They aim to protect the rights of people both as producers and consumers.
5) They promote mutual understanding and education among their members and people in general.
Mr. W. P. Watkins of International Cooperative Alliance defines cooperation as: "A system of social organization based on the principles of unity, economy, democracy, equity, and liberty." 1

Identiferoai:union.ndltd.org:UTAHS/oai:digitalcommons.usu.edu:etd-4008
Date01 May 1964
CreatorsRananavare, A. M.
PublisherDigitalCommons@USU
Source SetsUtah State University
Detected LanguageEnglish
Typetext
Formatapplication/pdf
SourceAll Graduate Theses and Dissertations
RightsCopyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact Andrew Wesolek (andrew.wesolek@usu.edu).

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