Cooperatives in India: Latest Information

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The Indian cooperative movement has sustained itself as one of the biggest cooperative movements in the world. The reach of cooperative in India is from village to national level.

Recently, Cooperative Conference was organised by Amreli District‘s Milk Producers Association Limited in Amreli, Gujarat.

There are more than 7 lakh cooperatives in the country, which extends from village level committees to national level co-operative organisations.

The cooperatives membership is over 40 crores and it includes about 97% villages and 71% rural households.

Today, 16.9 per cent of agricultural cooperation, 29 percent of fertiliser production, 40 percent of sugar production, and 54 percent of weavers’ cooperatives etc. are being contributed to the Indian economy.

Indian cooperatives have firmly established themselves in many sectors of the economy like dairy, banking, sugar, fertilisers, marketing, handloom, fisheries and construction.

The cooperative societies facilitated the way of farmers by providing them with the inputs like loan, fertilisers and seeds.

Today, the dairy cooperatives have carved an exclusive identity in the country and abroad. If there has been the growth of sugar mills, credit committees along with dairy in Gujarat and Maharashtra, the southern states witnessed the growth of fisheries and forests based cooperatives.

The National Cooperative Development Corporations provides assistance to the cooperatives for their overall development, which includes grants and loans from the Government.

In Gujarat, financial assistance has been provided for the computerization of dairies, storage and cold storage cooperatives as well as sugar, textile and consumer cooperatives.

Under these schemes, Rs.663.23 crore has been approved during the year 2014-2015, 2015-16 and 2016-17; and Rs.133.45 crore, Rs.272.97 crore and Rs.424.04 crore were released respectively. Rs.15143.76 had been released by National Cooperative Development Cooperation during the three years (2011-14).

On the other hand, the NDA Government increased this by 89.98% and released Rs.28117.31 crore during the three years (2014-17).

The National Cooperative Development Corporations is making a concerted effort to develop cooperative movement in the country and is playing a significant role in educating, guiding and providing support to the member organisations for strengthening the cooperative sector.

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