Microfinance Non-Deposit Taking Microfinance Institutions ...
Views and Suggestions of the Members on Enabling Cooperative Societies Act For Fast Tracking Micro...
-
Upload
abraham-pierce -
Category
Documents
-
view
215 -
download
0
Transcript of Views and Suggestions of the Members on Enabling Cooperative Societies Act For Fast Tracking Micro...
Views and Suggestions of the Members onEnabling Cooperative Societies Act
For Fast Tracking Micro finance and Financial Inclusion
MICROFINANCE COMMUNITY OF PRACTICE SOLUTION EXCHANGE,UNITED NATIONS, INDIA
Solution Exchange – an initiative of the UN Country Team in India
• Cooperative Acts of Different States differ from each other in context of various provisions for Financial Inclusion
• High level of diversity:Adoption of MACS/Self-Reliant Act
• Legal Environment for Cooperatives: State wise Variations – Single Act/ Double Act
• Utilization and Understanding of Multi State Cooperative Societies Act
• Difference in terms of Acceptance of Vaidyanathan Committee Recommendations
Background
Solution Exchange – an initiative of the UN Country Team in India
Present Scenario• States having Self Reliant and Old
Cooperative Societies Act
• States having only Self Reliant Act - NE
• States having Re-engineered Single Cooperative Societies Act
• States having more or Less the Same Old Act
• Multi-State Cooperative Societies Act – Applicable Across all the States
Solution Exchange – an initiative of the UN Country Team in India
• Urban Cooperative Bank Models – SEWA Bank , Cuttack Urban Cooperative Banks
• Cooperative Development Foundation
• SHG – PACS linkage Model – Bidar DCCB/ West Bengal • NABARD’s SHG Bank Linkage Programme
Cooperative Banks
• SHG – Federation Models/ Cooperative Union Model
• Thrift and Credit Cooperatives – Examples in Maharashtra
Models Experimented
Solution Exchange – an initiative of the UN Country Team in India
SPECIFIC SUGGESTIONS
Amendments in the Banking Regulation Act 1949
Self- Help Group Federations/ Sub Sectoral Cooperatives – Cooperative Acts Financial intermediation, Membership, Variety of Mf Services)
PACS As Mini Banks – Role in Micro Financing – Amendments Required
Government Role and Support for Self-Reliant Cooperatives/SHG Feds. – Financial / Regulatory
Cooperative Acts- State/ Multi State coop. Act for Urban Micro financingUrban Cooperative Banks working across the states
Assessment of Variety of States – Types of Legal Arrangements/ Coop. Acts
Studies/ Reports on enactment of Self- Reliant Act/ Other Acts- Issues Influencing
Provisions related to utilization of Surplus – Dividends , Bonus, Incentives
Solution Exchange – an initiative of the UN Country Team in India
SPECIFIC SUGGESTIONS
Salary Earners Cooperatives / Thrift and Credit Cooperatives- Rural and Urban Areas
Political will of State Governments to introduce Cooperative Reforms
Cooperative Acts/ Insurance Acts – Health Insurance/ Life Insurance/ Livestock Insurance
Conducive Regulations for Cooperatives interested in Shifting from One Act to the Other
Analyzing other relevant Acts/ Regulation in context of cooperative Reforms and MF
Provisions related to Autonomy for collaborations, Borrowings from other Banks/ Financial Institutions, Savings etc.
Solution Exchange – an initiative of the UN Country Team in India
SPECIFIC SUGGESTIONS
Prof. Vaidyanathan Committee Recommendations-Impact of Amendments is Yet to Seen at Primary Level
Members Involvement in Governance - Challenge
MACS – Suitability for BANKS is a Question Mark ?Non-Members
Membership of SHGs in Cooperatives -only in few States – West Bengal, Gujarat, Karnataka
Cooperative Act should Provide Space for other Facilitating Agencies/Organisations