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ONE FOR ALL, ALL FOR ONE

SYNOPSIS

INTRODUCTION TO THE PROJECT REPORT

CO-OPERATIVE MOVEMENT IN INDIA

CO-OPERATIVE ORGANISATION

SIR M. VISHWESHVARIAH CO-OPERATIVE SOCIETY LTD., SHIVAMOGGA A PROFILE

CREDIT FACILITIES IN SIR M. VISHWESHVARAIAH CO-OPERATIVE SOCIETY LTD., SHIVAMOGGA

RECOVERY OF LOANS IN SIR M. VISHWESHVARAIAH CO-OPERATIVE SOCIETY LTD., SHIVAMOGGA

ANALYSIS OF RESONSE

SUGGESTIONS AND CONCLUSIONS

ANNEXURES

Chapter-IINTRODUCTION

INTRODUCTION TO PROJECT REPORT AIMS AND OBJECTIVES METHODOLOGY IMPORTANCE AND LIMITATION OF THE STUDY

PREAMBLE

In the beginning of human existence, needs were simple and every individual produced all that was necessary to sustain life, he provided his own food of animal flesh and vegetables; prepared his own clothing and found his own shelter.

After this stage, Barter system came into existence. Barter System means trade with exchange of goods, with the absence of money. At this stage the concept of dependency demanded co- operation that is how co-operation was born.

In course of time, people settled down in different occupations, and with specialization, exchange of goods became wider. And the money was introduced in trading, which was widely accepted for payment. As money started getting importance Co-operation was going hand in hand with it.

So, co-operation is an important thing which plays an important role in all for goods and services and in settlement of debts. Money is given and received without reference to the standing of the person who offers it in payment.

According to D.H. Robertson money is any thing which is widely accepted in payment for goods or in discharge of other kinds of business obligations.

This is the way how money got extends into the co-operation.

OBJECTIVES

Following are the some of the major objectives of the project report.

To know about the co-operative societies.

To study the establishment of the sir. M. vishweshvaraiah co-operative society Ltd.

To know the performance of sir .M. Vishweshvaraiah co-operative society Ltd.

To make a detail study of credit facilities and recovery of debts of sir .M. Vishweshvaraiah co-operative society Ltd.

To express out own opinion about the societys development and services.

AREA OF STUDY

Sir .M. Vishweshvaraiah co-operative society Ltd, Shivamogga which is located in Shivappa Naika Complex, Nehru Toad is selected for the study. This study involve in the detailed report of the Sir .M. Vishweshvaraiah co-operative society Ltd. About its Credit facilities and recoveries of debts since the year of its establishment.

This society was established in the year 1983, since, from its establishment, it is working or providing services for the up liftman of its members.

METHODOLOGY:

Primary and secondary data re collected for the preparation of the project report.

Primary data has been collected through survey. Survey was conducted, questionnaire was prepared and the respondents were selected on random sampling bases to avoid bias in collection and analysis of data, which reveals.

Secondary data has been collected from the secretary and staff of the society personally interviewed and from the bye-law, annual report and other documents of the society to study the various aspects of co-operation service and finance.

IMPORTANCE OF THE STUDY

Following are the some major importance of the study;

1. It provides information about the co-operative principles, its origin and importance in Indian society.

2. It helps to know the structure, organization and performance of the SMV Cooperative Society Ltd.

3. The report helps to know the procedure principle and policies and functions, of the society.

4. We can get clear picture about the credit facilities and recoveries of debts of the SMV Co-operative Society Ltd.

LIMITATIONS OF THE STUDY

There are certain limitations are found in doing the project report. They are:1. Members were selected on random basis. Hence they may hot represent the population.

2. Some members were hesitant to give out their opinion about the society services. Hence, the information my be biased.

3. The survey entitled the limitation of time factor. Due to this limitation of the project lacks in detailed information.

4. As the recent information regarding 5 years plans were not available its not been included in the project.

Chapter-IICO-OPERATIVE MOVEMENT

INTRODUCTION MEANING DEFINITION CO-OPERATIVE MOVEMENT IN INDIA STAGES IN CO-OPERATIVE MOVEMENT IN INDIA BENEFITS OF CO-OPERATIVE MOVEMENT IN INDIACO-OPERATIVE IN FIVE YEAR PLANS

INTRODUCTION

Co-operative means working together. The principle of co-operation is as old as human society. It is truly the basis of domestic and social life. What is known as co-operative effort is ultimately the group instinct in man, which enables him to work together and help each other in times of stress and strain. Unconsciously the principle has always penetrated the life of human race. The history of co-operation, for without it social and economic progress would have been impossible.

MEANING AND DEFINITION

Modern biologists believe that the co-operative forces are biologist more important and vital.

According to Emerson co-operation has a more evolutionary in the development of man than has the better competitive struggle for existence.

According to Montague science points out the way to survival and happiness for all mankind through love and co-operation.

CO-OPERATIVE MOVEMENT IN INDIA

India is a country with a rural setting having 5, 75,936 inhabited villages studded with towns and villages. Which serve a center of trade, commerce, industries, education and administration? 70% of working force still depends upon agriculture.

Towards the end of the last century, the peasantry or agriculturist was in the grip of Sahukar and the rural debt was daily mounting the condition of the agriculturists was readily deplorable. As a result of increase in population and the absence of rapid industrialization, more and more people depended upon agriculture resulting in too much on land farmers. Who were once prosperous become petty peasants with tiny holdings of a few acres and were finally reduced to the status of land less laborers. They are in the clutches of the moneylenders. Rural debt was decreasing and this increased the burden on the farmer. The farmer did not have the incentive or the ability to improve the condition. The government fell that the farmer could help through some type of a co-operative effort.

The credit of taking right action in this matter goes to the government of Madras (Chennai). In 1882 they deputed Sri Frederick Nicholson to probe into the possibility of introducing land and agriculture banks in that provinces. In the basis of recommendations, it was passed into law in 1904, as the co-operative Credit Society Act.

Following are the stages of Co-operative Movement in India;

Ist STAGE OF THE MOVEMENT (1904 11)

The introduction of the Co-operative Credit Society Act in 1904 marked in the beginning of the co-operative movement in India.

The essential features of this act were s follows:1. A society could be formed by any ten persons living in the same village or town.

2. The co-operative societies were classified as rural and urban.

3. The Act provided only for the formation of credit societies.

4. The societies could advance loans to members only on personal or real security.

5. No member could hold shares for more than Rs. 1,000.

IInd STAGE (1912 18)

The defects of the 1904 Act were remained in 1912 when another Co-operative Societies Act was enacted. With the passing of this Act, the movement entered on the second stage of this progress.

The essential features of this Act are the following:1. Under this Act, any society, credit or otherwise may be registered which has its object that the promotion of the economic interests of its members in accordance with the co-operative principles.

2. A federal society like the Central Bank could be registered.

3. No member can more than 1/5th of the total share capital.

4. 1/4th of the net profit of a society must be carried to its reserve fund.

III rd STAGE 91919 29)

During this period, the movement continued to make a rapid progress. The number of membership of agricultural credit societies increased three times, while their working capital moved up four folds. In spite of this rapid expansion the proportion of the rural families brought with in the co-operative fold was very small.

IV th AND V th STAGE (1929 -39)

A significant highlight of this period was, the establishment of the Reserve Bank of India in 1935, and its Agricultural Credit Department which was charged with the duty of studying various problems relating to agricultural credit.

CO-OPERATIVE MOVEMENT AFTER INDEPENDENCE

After independence the co-operative movement has been making rapid progress in various directions. The government has established various committees like The Co-operative Planning Committee (1946), The All India Rural Credit Committee ( 1954), The Vaikunth Lal Mehta Committee (1960) etc. Further the co-operating has been assigned as important role in the country plans.

Rural Credit Survey Committee:-

The most important landmark in the history of the co-operative movement in India after independence was the publication of the report of All India Rural Credit Survey Committee. The report contains the survey co

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