Indian Cooperatives Everywhere: An Assessment of Possibilities and Fiscal Options

By : Sundeep Kumar Nayak , K.T. Chhaneshappa , Ayasakanta Mohanty , P. K. Swain

Page No: 245-259

Abstract
The Cooperative movement in India in the British legal context, dates back to 1904, although the Vedas highlight the spirit of cooperation and prosperity on earth centuries ago. With the creation of an independent Ministry of Cooperation in the Central Government, this movement has received a big boost with right frameworks being put in place through a slew of strategic decisions. The focus is on primary cooperatives playing a frontal multi-activity role in transforming India’s rural economy, instead of the traditional focus on inputs such as credit, fertiliser, pesticides, etc. The scope of work of primary agricultural cooperative credit societies has been expanded through a model by-law to about 25 diverse business activities. Also, the aim is to set up 200,000 new and modern cooperatives across the country. This paper examines the context, opportunities and challenges in some sectoral types of cooperatives.
 

Authors :
Sundeep Kumar Nayak
PhD Scholar, Department of Business Administration, Faculty of IBCS, SoA Deemed to be University, Bhubaneswar, Odisha, India.

K.T. Chhaneshappa
Former Executive Director, National Cooperative Development Corporation, Ministry of Cooperation, New Delhi, India.

Ayasakanta Mohanty
Professor, Department of Business Administration, Faculty of IBCS, SoA Deemed to be University, Bhubaneswar, Odisha, India.

P. K. Swain
Professor, Department of Business Administration, Faculty of IBCS, SoA Deemed to be University, Bhubaneswar, Odisha, India.

DOI: https://doi.org/10.32381/PROD.2022.63.03.1