Smt.

Kesharbai Lahoti Mahavidyalaya

TOPIC- WORKING OF INDUSTRAIL COOPERATIVE SOCITIES

SUBMITTED

TO,

SUBMITTED BY, APURVA S. BHOLE M.COM IIIrd [SEM]

DR. Smt. S. S. CHANDAK

SEMINAR ON WORKING OF INDUSTRAIL CO-OPERATIVE SOCITIES

INTRODUCTION
In 1904 the then British Government passed the Co-operative Credit Societies Act. The object of the Act was to encourage thrift, self-help and cooperation amongst persons of limited means and increase their productive capacity and financial resources. Funds for industrial co-operative societies are available from co-operative banks and private entrepreneurs. Government provides subsidies, grants-in-aid and loans for the purchase of machinery, equipment, raw materials, etc.

DEFINITION
An industrial co-operative is an association of workers & craftsmen involved in cottage or village industries, who come together to undertake collective production, processing & marketing of goods manufactured by the members & provide them with the necessary services & assistance. It can be defined as A co-operative organized by workers, controlled by worker & managed by workers for meeting their common purpose. Thus, the prime objective of an industrial co-operative is to benefit the workers socially and economically.

AIMS AND OBJECTIVES

To develop self-reliance, co-operation and self-respect among the members. To purchase and supply raw materials, tools and equipments needed by workers.

To obtain contacts from the govt. and other organizations.

To

purchase machinery and other equipments required by members and to hire them to the members for quality production.

 To grant advances if needed by member workers against the securities of raw materials and finished products.

To construct take-on-rent godowns for finished products and raw materials.

To undertake all such activities needed for the welfare and well-being of the member and the society.

HISTORY
Industries

are the drivers of economy of a country. Launch of Swadeshi movement. Realization for the need of co-operative organization. Thus industrial co-operative was formed.

ROLES
Requisite

facilities by the government.

Pooling of capital and skill.

TYPES OF INDUSTRIAL COOPERATIVES

Industrial

Production Society.

Industrial service co-operative society Common facility workshop society. Workers co-operatives. Community co-operatives. Secondary co-operatives. Credit unions./ Workshop Cooperatives.

ORGANIZATIONAL STRUCTURE
National

Federation of Industrial Cooperatives. National Federation of Specific type of Industrial Co-operatives. State Level Federations.

Central and Primary Industrial Cooperatives.

Co-operative Industrial Estates.

BENEFITS OF INDUSTRIAL CO-OPERATIVES

Employment

Opportunities.

Training and Knowledge.

Marketing of Goods Higher Standard of Living.

Availability of necessary raw material and equipments at Nominal rates.

PROBLEMS OF INDUSTRIAL CO-OPERATIVES

Problem of Finance. Problem of Human Resource. Problem of Production. Problem of Marketing. Lack of Member Education. Lack of support from Higher Institution. Lack of loyalty of Members. Lack of proper Planning.

KINDS OF INDUSTRIAL COOPERATIVE

Handloom co- operatives. Handicrafts. Oil-crushing. Leather Tanning. Shoe-Making. Carpentry and Black smithy. Ban and Rope Making. Rice Husking & Flour Milling. Sericulture. Pottery.

INSTITUTIONAL SUPPORT FOR CO-OPERATIVES

National Co-operative Development Corporation (NCDC).
Khadi And Village Industries Commission (KVIC). National Federation Of Industrial Cooperatives (NFIC). National Bank for Agricultural And Rural Development (NABARD).

CONCLUSION
The co-operatives had been formed by the masses. Industrial co-operatives offer an opportunity. Small scale industries are have a huge potential. Government has taken steps to form institutions that give financial support.

REFERENCES

GOOGLE.COM. SLIDE SHARE.COM.