Smt. Kesharbai Lahoti Mahavidyalaya

SUBMITTED TO,

DR. Smt. S. S. CHANDAK

SUBMITTED BY,

APURVA S. BHOLE

M.COM IIIrd [SEM]

TOPIC- WORKING OF INDUSTRAIL CO-OPERATIVE SOCITIES

SEMINAR ONWORKING 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 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.

Pooling of capital and skill.

 TYPES OF INDUSTRIAL 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

 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

 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 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.

REFERENCES

GOOGLE.COM.

SLIDE SHARE.COM.