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| Twin Pines, the international symbol for cooperatives (Photo credit: Wikipedia) |
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 co-operation 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.
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| Laborer (Photo credit: M. Pratter) |
Pooling of
capital and skill.
TYPES OF
INDUSTRIAL
CO-OPERATIVES
CO-OPERATIVES
Industrial
Production Society:
Industrial
service co-operative society
Common
facility workshop society
Workers
co-operatives
Community co-operatives
Secondary co-operatives
Credit unions
Workshop Co-operatives
ORGANIZATIONAL STRUCTURE
National
Federation of Industrial Co-operatives.
National
Federation of Specific type of Industrial Co-operatives.
State Level
Federations.
Central and
Primary Industrial Co-operatives.
Co-operative
Industrial Estates.
BENEFITS OF
INDUSTRIAL
CO-OPERATIVES
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 CO-OPERATIVE
Ban and Rope Making
Carpentry and Black smithy
Handicrafts
Handloom co- operatives
Oil-crushing
Pottery
Rice Husking & Flour Milling
Sericulture
Shoe-Making
INSTITUTIONAL
SUPPORT FOR CO-OPERATIVES
National
Co-operative Development Corporation (NCDC)
Khadi And
Village Industries Commission (KVIC)
National
Federation Of Industrial Co-operatives (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.
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