Questions and Answers
Which state in India has the highest cooperative membership as a percentage of its population?
Kerala with 77%.
What is the percentage of cooperative membership in Mizoram?
Mizoram has a cooperative membership of 4%.
How many gram panchayats in India are still not covered by a Primary Agricultural Credit Society (PACS)?
18,497 gram panchayats.
List the four broad domains under which NABARD supports the development of the cooperative sector.
Signup and view all the answers
Which regions of India have a notably higher percentage of cooperative membership compared to others?
Signup and view all the answers
What is the primary purpose of cooperatives?
Signup and view all the answers
Name two principles that govern the functioning of cooperatives.
Signup and view all the answers
How do cooperatives help mitigate individual risk in economic activities?
Signup and view all the answers
What role do cooperatives play in contributing to rural economies?
Signup and view all the answers
According to Prime Minister Narendra Modi, why is cooperation vital for villages?
Signup and view all the answers
What distinguishes cooperatives from other economic models?
Signup and view all the answers
Describe the significance of NABARD in the cooperative sector.
Signup and view all the answers
What is meant by the cooperative scenario in India?
Signup and view all the answers
What are the main purposes of the centrally sponsored schemes for computerization mentioned?
Signup and view all the answers
Who conducted the study on reforms, restructuring, and innovations in ARDBs?
Signup and view all the answers
What is the vision behind the National Policy on Cooperation?
Signup and view all the answers
What role does NABARD play in the National Policy of Cooperation?
Signup and view all the answers
What services can be accessed through the PACS as common service centers?
Signup and view all the answers
How many PACS have started offering e-services as per the memorandum of understanding?
Signup and view all the answers
Which ministries are involved in the memorandum of understanding regarding PACS?
Signup and view all the answers
What is the intended impact of the National Cooperation Policy?
Signup and view all the answers
What role do cooperatives play in the rural economy?
Signup and view all the answers
How does technology adoption affect the market share of cooperatives?
Signup and view all the answers
What is NABARD's initiative for rural cooperative banks?
Signup and view all the answers
Why is education about cooperative principles important?
Signup and view all the answers
What should be included in educational curricula to support cooperatives?
Signup and view all the answers
How does the cooperative model contribute to sustainable economic growth?
Signup and view all the answers
What are the potential benefits of computerizing PACS and ARDBs?
Signup and view all the answers
What challenges do cooperatives face that need to be addressed by policy planners?
Signup and view all the answers
What legal framework was established in 1904 to support credit cooperatives in India?
Signup and view all the answers
What significant recommendation did the Maclagan Committee make about cooperative societies in villages?
Signup and view all the answers
What role did the Royal Commission on Agriculture play in the cooperative movement in 1928?
Signup and view all the answers
Which act led to the establishment of the Agricultural Credit Department by the RBI?
Signup and view all the answers
In what ways did World War II influence the cooperative sector in India?
Signup and view all the answers
What was a major outcome of the Cooperative Societies Act of 1912?
Signup and view all the answers
What major shift occurred in the governance of cooperation according to the Government of India Act, 1919?
Signup and view all the answers
What did the Mehta Committee recommend regarding cooperative credit societies in 1937?
Signup and view all the answers
Study Notes
Principles of Cooperatives
- Cooperatives are people-centric entities aimed at fulfilling common economic, social, and cultural needs.
- Key principles include self-help, self-responsibility, democracy, equality, transparency, and social responsibility.
- Cooperatives empower individuals to collectively pursue goals, reducing personal economic risk.
- They are vital for enhancing rural economy self-sufficiency in India, contributing to the vision of ‘Aatmanirbhar Bharat’.
History of the Cooperative Movement in India
- Significant milestones include the Cooperative Credit Societies Act of 1904, which provided a legal framework for credit cooperatives.
- The 1912 Cooperative Societies Act expanded the scope to include non-credit cooperatives for various trades.
- The Maclagan Committee in 1915 advocated for complete village coverage by cooperatives and proposed a three-tier credit structure.
- The Government of India Act 1919 shifted cooperation governance from federal to provincial levels.
Constitutional Framework of Cooperatives in India
- Cooperatives are governed by a series of acts and policies aimed at promoting cooperative structures at various levels.
- The movement has been influenced by several government committees and commissions that sought to enhance cooperative functioning.
Indian Cooperatives in the Global Context
- Indian cooperatives provide a balanced alternative to both free-market and state-controlled economic models.
- They support equitable economic growth, especially in rural areas, contributing to India's overall economy and employment.
Cooperative Scenario in India
- Membership varies geographically; Kerala has the highest cooperative membership (77%) while Mizoram has the lowest (4%).
- Despite growth, areas like 18,497 gram panchayats lack access to primary agricultural credit societies (PACS), prompting government initiatives for coverage.
NABARD’s Mandate of Supporting Rural Cooperatives
- NABARD's core mission focuses on developing rural institutions, including cooperatives.
- This includes providing refinance, developmental, policy, and supervisory support to strengthen the cooperative sector.
- Initiatives encompass computerization schemes for PACS and Agricultural and Rural Development Banks (ARDBs) to enhance efficiency.
NABARD Initiatives in Develop the Cooperative Sector
- Various centrally sponsored programs aim to provide essential services through PACS, with over 35,000 PACS already operational in offering e-services.
- Inputs from NABARD are critical for drafting the National Policy on Cooperation, focusing on cooperative-based development.
Way Forward
- Addressing technological deficiencies is crucial to reviving cooperatives and improving their market presence.
- NABARD aims to develop a Cooperative Governance Index (CGI) to enhance governance in rural cooperative banks.
- Emphasis on education about cooperative principles and management is essential for building future leaders in the cooperative sector.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Explore the key principles and historical context of cooperatives in India with this comprehensive quiz. Learn about the constitutional framework, the role of NABARD, and the overall cooperative scenario in both national and global contexts. Test your knowledge and understand how cooperatives can tackle challenges and build opportunities in rural development.