Question

Explain your views on Indian Co-operative Movement ​

Answer 1

Answer:

❤️❤️The Cooperative Societies can be defined as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise". India is an agricultural country and laid the foundation of World’s biggest cooperative movement in the world. The need for profitability is balanced by the needs of the members and the wider interest of the community, the Cooperative Movement was started by the weaker sections of society for protecting its members from the clutches of profit hungry businessmen. Here, we are giving a brief summary of the Cooperative Movement and Cooperative Societies in India for general awareness.

Cooperative Movements in India

The Cooperative Movements in India can be studied into two phases:

1. Co-operative Movement in pre-Independence era

2. Co-operative Movement in post-Independence era

Co-operative Movement in pre-Independence era

The term cooperative Societies came into existence when the farmers of Poona and Ahmednagar spearheaded an agitation against the money lenders who were charging exorbitant rates of interest. Hence, British government came forward and passed three acts- the Deccan Agriculture Relief Act (1879), the Land Improvement Loan Act (1883) and the Agriculturists Loan Act (1884).

But Cooperative move came with structure and shape when British enactment of the Cooperative Credit Societies Act, 1904. In 1919, cooperation became a provincial subject and the provinces were authorised to make their own cooperative laws under the Montague-Chelmsford Reforms. This categorization carried on to Government of India Act, 1935. In 1942, Government of British India enacted the Multi-Unit Cooperative Societies Act to cover Cooperative Societies with membership from more than one province.❤️❤️

Explanation:

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