Who is the founder of cooperative movement in India?
Sir Frederic Nicholson
By 1904, cooperative agricultural credit societies and cooperative banks were to be established in many districts on the lines which existed in Germany and Italy. Sir Frederic Nicholson was hailed as the pioneer of the cooperative movement in India, he noted.
Which was the first cooperative established in India?
The first Cooperative Law of India The Cooperative Credit Societies Act, 1904 was passed on 25th March 1904. Agricultural Credit Cooperative Society, of Kanaginahal village of Gadag District in Karnataka was the first cooperative Society formed under First Cooperative law of India.
Who is known as father of co-operative movement?
William King (1786–1865): Physician and Father of the Co-Operative Movement.
When did the cooperative movement start?
In 1844 the Rochdale Pioneers founded the modern Co-operative Movement in Lancashire, England, to provide an affordable alternative to poor-quality and adulterated food and provisions, using any surplus to benefit the community.
Who is known as founder of cooperation?
The first cooperative societies movement was started in Karnataka in Kanaginahal village (1905). It was headed by Sir Siddanagouda Patil who is also known as the father of Cooperative movement in Karnataka.
Which is the largest co operative society in India?
Indian Farmers Fertiliser Cooperative (IFFCO)
Indian Farmers Fertiliser Cooperative (IFFCO) It is headquartered in New Delhi. IFFCO is the biggest cooperative in the world by turnover on GDP per capita.
Which is the main principle of cooperation?
Values. Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
Who started the cooperative movement?
Robert Owen (1771–1858) is considered as the father of the cooperative movement. A Welshman who made his fortune in the cotton trade, Owen believed in putting his workers in a good environment with access to education for themselves and their children.
Which is the largest co-operative society in India?
What is the history of Co-operative movement in India?
2) Co-operative movement in post–independence era. These two phases are briefly discussed below: The pages of Indian history cite many evidences of co-operative activities from earliest times.
Which is the definition of a cooperative society in India?
Cooperative Movement and Cooperative Societies in India 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”.
When did the Co-operative Societies Act come into force?
Meanwhile the Madras Co-operative Societies Act of 1932 and the Madras Co-operative Land Mortgage Banks Act of 1934 came into force with the former aiming at the growth of co-operative movement, while the latter for developing the long term credit.
When did Cooperative Planning Committee start in India?
As a result, a Cooperative Planning Committee was appointed by the Government of India in 1945. It was in 1951 that the RBI appointed a committee with the terms of guidance to survey All India Rural Credit Societies. The report of this committee was submitted in 1954.