Chapter- VIII Role of Cooperative Societies towards Socio-Economic Development
|
|
- Godfrey Reed
- 5 years ago
- Views:
Transcription
1 Chapter- VIII Role of Cooperative Societies towards Socio-Economic Development In this chapter we shall analyse the socio-economic impact of the cooperative societies in rural areas of the district. It gives an account of total employment created in the co-operative sector, total output produced or total turnover, total number of persons directly and indirectly related to co-operatives etc. It discusses the impact of the co-operatives on the growth of agriculture, small scale industry, fisheries, social sector etc. This chapter also describes different schemes of the Dakshin Dinajpur District Central Cooperative Bank and Agricultural Land Development Bank and examines to what extent these schemes have been implemented in the district. It also states the opinions of the members, directors. Govt, officers about the functioning of the co-operatives in the district. Co-operatives have played an important role in providing agricultural credit, marketing facilities consumer goods, urban credit, housing and other important services to uplift the economic and social conditions of the rural and ruban section of the population. We have included eight types of co-operative societies, to assess their role in uplifting the socio-economic environment. These are given below. i) Primary Agricultural Cooperative Credit Societies ii) Employees' Cooperative Credit Societies iii) Weavers' Cooperative Credit Societies iv) Large-sized Agricultural Multipurpose Cooperative Credit Societies v) Engineers' Cooperative Societies vi) Labour Contract Cooperative Societies. vii) Marketing Cooperative Societies. viii) Consumers' Cooperative Societies. (93)
2 P rim ary A gricultural Cooperative Societies The short-term credit in the agricultural sector is made available to the individual members in the rural areas through a 3-tier system. In order to diversify their business and to achieve the objectives of self-reliance, the State Cooperative Bank, District Central Cooperative Bank and primary agricultural cooperative societies have mobilised deposits. Long-term credit to the agricultural sector is dispensed with under a two-tier structure with West Bengal State Cooperative Agricultural and Rural Development Bank Ltd. at the apex level and Primary Cooperative Agricultural and Rural Development Bank at the district level. Employees' Cooperative C redit Societies The primary objective of this type of society is to create funds for lending money to its members. Long-term financing is made through District Central Cooperative Bank. Amount of loan is extended to the members mainly for house building. Short-term loan is made out of own funds consisting of share money, reserve fund, thrift fund and deposits of members. W eavers' Cooperative C redit Societies The primary objective of this type of society is to create funds for giving shortterm loans and other industrial inputs to its members. District Central Cooperative Bank finances these types of societies. The co-operative societies so formed are assisted with different plan schemes of state and central govt, and afterwards arrangement is made to link up the societies with the co-operative banks for necessary finance required for working capital with reduced rate of interest under NABARD norms. Larged-Sized Agricultural M ultipurpose Cooperative Societies (LAMPS) These types of societies are mainly formed for the benefit of the tribal people. The members get monetary support in the form of loan in their agricultural activities. Short-term as well as mdd-term loans are provided to the members. Shortterm loans are given out of the owned sources of the co-operative societies and (94)
3 Dakshin Dinajpur District Central Co-operative Bank extends mid-term loan. LAMPS distribute paddy among the members in the form of 'granery loan'. LAMPS encourage formation of self-help group (SHG) amongst the rural people to generate a saving tendency for their benefits. District Central Co-operative Bank extends 4 times of saving of the members as loan to the members without any guarantee. Engineers' Cooperative Societies These types of cooperative societies are formed by unemployeda) degree holders in any branch of engineering, technology, science, commerce, arts or agriculture, or b) diploma holders in any branch of engineering, technology or agriculture, or c) certificate holders in any industrial trade, for their exclusive benefit, the percentage of degree or diploma holders in any branch of engineering or technology in the membership of the co-operative society being not less than sixty percent. Labour Contract Cooperative Societies These types of societies ensure work to the poor labourers after getting work order. District Central Co-operative Bank finances these societies against the work order. After completion and getting final payment these societies repay the amount of loan. Here interests of labour are fully protected. Marketing Cooperative Societies These types of societies are mainly engaged in extending all round cooperation to the members or non-member agriculturists by selling fertilisers (retail and wholesale), cement, G.C. Sheet (tin), G.R Sheet (Matka), sugar, rice, jute (J.C.I.) paddy (BENFED), potatoes, seed potatoes, potato bags,stationary goods, diesel etc., at nominal rate. The common people can get the above mentioned facilities at comparatively lower rate than the market. (95)
4 Consumers' Cooperative Societies Consumers' cooperative society means a cooperative society, the primary objective of which is to supply consumer goods and to render such other services to its members as may be required in the matter of supply and production of consumer goods. It supplies consumer goods at nominal prices. Role of Different lypes of Cooperative Societies Role of different types of cooperative societies in total employment created in the cooperative sector, total output produced/total turnover, total number of persons directly and indirectly related to cooperatives total amount of loan to the members for a particular year ( ) are given below : Table 8.1 Role of Primary Agricultural Cooperative Credit Societies (Rupees in lakh; Total No. of Total No.of Amount of No. of Deposit Year Societies Members loan extended Employees Total number of societies operating in the district are one hundred and twenty two and forty-nine thousand three hundred and five members are directly involved in the process of primary agricultural co-operative credit societies as members. Three hundred and thirteen paid employees are engaged in its activities. Financial assistance in the shape of short-term and long-term loan amounting to Rs lakh are extended to the members for purchasing agricultural inputs i.e. to purchase seeds, fertilisers, tractors and other agricultural instruments etc. Periodical loans are provided to the farmers to produce seasonal crops. Total deposits made by members (49305) to the societies is Rs lakh which is Rs..036 lakh ( /49305) per member on an average. (96)
5 Table 8.2 Role of Large-sized Agricultural M ultipurpose Cooperative Societies Total No. of Total No.of Amount of (Rupees No. of in lakh) Deposit Year Societies Members loan extended Employees The district has 13 LAMPS consisting of members. These members are mostly from tribal community. Monetary support in the shape of loan amounting to Rs lakh has been extended to the members for their livelihood. Members use the loan mainly for agriculture, fisheries and housing construction. On an average Rs..006 lakh per member is extended as monetary support. It signifies that marginal amount of loan is granted for their betterment. Due to low margin of their land holding the members do not have enough opportunity to get huge amount of loan. They are so poor that granary loan are extended during the month of August and September for their subsistence. Forty eight paid employees are involved for the smooth functioning of the LAMPS. Table 8.3 Role of Employees' Cooperative Credit Societies (Rupees in lakh) Total No. of Total No.of Amount of No. of Deposit Year Societies Members loan extended Employees Source ; ARCS office, Balurghat These types of societies are functioning in schools, colleges and in different govt, and semi-govt, institutions. Amount of loan is extended for the benefit of the members concerned. Total amount of loan extended is Rs lakh which is Rs lakh ( / 5921) per member on an average. These societies encourage deposits on behalf of members which is Rs lakh (140.68/ 5921) per member on an average. Both fixed/ term and saving deposit facilities are provided to the members. Some societies are so self sufficient that they are able even to grant long term loans to the members from their own resources. (97)
6 Table 8.4 Role of W eavers' Cooperative Credit Societies (Ruppes in lakh) Total No. of Total No. Total amount People Year societies of weavers of loan engaged ,000 Total number of 3500 weavers are directly involved in 30 societies and employment are offered in weaving activities in this district. These societies are assisted with state and central financial schemes with considerable amount of subsidy. On an average Rs lakh (2210/ 30) per society has been provided for their functioning. Mostly handloom products are produced in these societies. These types of societies have enough opportunities to generate employment opportunities in the district. Year Table 8.5 Role of Engineers' Cooperative Societies Total No. of societies Total No. of members Work allotted Borrwing from bank Bill received Twenty three engineers' cooperative societies are functioning with 220 members from general caste people. Work order amounting to Rs lakh was allotted to these societies. It signifies that average work order of Rs lakh (584.24/23) per society was allotted in the district which is not remarkable. Due to lower volume of work allotment members are less interested to involve themselves further. Generally 20% to 25% of the Govt, work order should go to these societies. This criterion is not properly followed. (98)
7 Year Table 8.6 Role of Labour C ontract Cooperative Societies Ltd. Total No.of societies Total No. of members Grant (Financial) from Govt. Work allotted Bill received Average number of members directly involved per society is about 60 (2410/ 40). Volume of work allotted per society is Rs! 6.40 lakh (256.19/40) on an average which is not significant. Bill received against work allotted ( lakh) is Rs lakh. Year Total No. of societies Table 8.7 Role of Marketing Cooperative Societies Total No. of members No. of employees Business Deposit from members Total number of employment created in these societies is sixty eight. Volume of business transacted in the reference year is lakh. Business involves sale of agricultural inputs and necessary commodities. Cold storage and oil business are also included in the marketing societies' activities. Table 8.8 Role of Consumers' Cooperative Societies Total No. of Total No. of Purchase Sale Year Societies Members Average number of of members involved in a particular society is 235. Total amount of purchase and sale are Rs lakh and lakh respectively. Purchase and sale include consumable goods. (99)
8 Role of Dakshin Dinajpur District Central Co-operative Bank Dakshin Dinajpur District Central Co-operative Bank plays an important role in accelerating the activities of different co-operative societies and consequently alleviating poverty of the rural people by extending monetary support through amount of loan. District Central Co-operative Bank meets the demand of different co-operative societies fully and instantly. Table 8.9 below shows the amount of loan extended to the number of societies, number of benefitted members, amount of loan advanced and its rcovery of a particular year i.e SI. No. Table 8.9 Role of Dakshin Dinajpur District Central Cooperative Bank Name of societies No. of societies benefitted No. of members benefitted Advanced (Loan) Rs. Recovery Rs. 1. Primary Agriculral Co-op. Credit Society Lamps Handloom Co-op Employees Co-op. Credit Society Engineering and Labour Co-op. society Marketing Co-op. Credit Society Consumer's Co-op. Credit Society Source : Dakshin Dinajpur District Central Cooperative Bank. Table below explains cropwise loan, number of members given loan and amount of loan given to the members. ( 100)
9 Table 8.10 Year Role of DDDCC B ank in D ifferent C rops Production Name of crops No.of members Amount of loan benefitted extended Aman rice Sugarcane Boro rice Potato Total Source : Dakshin Dinajpur District Central Cooperative Bank. Role of Primary Agricultural Land Development Bank in extending loan to the different schemes, its volume and its recovery are discussed below. Table 8.11 Year Role of P rim ary A gricultural L and Development Bank SI. No. Name of Schemes Amount % of Recovery 1. Land Development Bullock and Bullock cart Fisheries Betalvine Agricultural Land Purchase Construction of rural Godown Minor Irrigation Farm mechanisation Farm pond for irrigation Non-Farm activities: mini-bus, manufacturing and transport Housing construction Hire purchase consumption for salaried person iO Total Source : Land Development Bank, Balurghat ( 101 )
10 Table below explains the role of Dakshin Dinajpur District Central Cooperative Bank and Raiganj Central Cooperative Bank compared to other banks operating in the district in extending monetary support. Table 8.12 Year Comparative Role of Cooperative Bank Bank Advanced (loan) Percentage SBI ALLAH GRAMIN BOI INDIAN CBI UNITED UCO DDDCCB RCCB BARDB PNB TOTAL Source : Lead Bank (UBI), Balurghat From the above table we see that cooperative bank shares 21.60% ( ) of the total monetary support to the people in the district which is significant. Administrative Set up in the Activities of Cooperative Department The Department of Cooperative, Government of West Bengal is headed by the Secretary who discharges his official duties with the assistance of a number of officers of the rank of Legal Advisor and Ex-officio Joint Secretary, Deputy Secretary, Assistant. Secretary and other officers and staff. Cooperation Directorate under the control of Cooperation Department is headed by the Registrar of cooperative societies who is assisted by a number of officers of the rank of Additional Registrar, Joint Registrar, Deputy Registrar, Assistant Registrar, Cooperative Development officer and other officers and staff. Besides, there are officers ( 102)
11 of different ranks who are posted in different other directorates like Handloom, Cottage and small scale, Animal Resources and Fishery to look after the cooperative societies under direct control. There are range offices at District/ Subdivision level manned by officers of the rank of Assistant Registrar of Cooperative Societies. These co-operative ranges are organised into three zones which are manned by the Deputy Registrar of co-operative societies. Officers of different ranks are also deputed to the important co-operative societies all over the state who work as Managing Director, General Manager or as Chief executive officer. The short-term credit in the agricultural sector is made available to the individual members in the rural areas through a 3-tier structure i.e. the State Cooperative Bank, District Central Cooperative Banks and Primary Agricultural Cooperative Societies. Long term credit in the farm and non-farm sectors in the cooperative field is dispensed with under a two-tier structure with West Bengal State Cooperative Agricultural and Rural Development Bank Ltd. at the apex level and Primary Cooperative Agriculture and Rural Development Banks at the District level. In the consumer sector, distribution of consumer articles in rural as well as urban areas of the state is being carried out through a 3-tier structure with West Bengal Cooperative Consumers' Federation at the apex level. Wholesale.Cooperative Consumers Societies at District/ Sub-divisional level and large number of primary consumers' societies at the base level. In urban credit sector the financial needs of members are catered to by the urban co-operative bank, primary urban cooperative credit societies and employees' credit societies. In addition several women's cooperative credit societies have come up organised exclusively by women for their socio-economic upliftment. A large number of engineers' cooperative societies with the objective to provide work to the unemplyed engineers and diploma holders are functioning in the district. Large number of labour cooperative societies are also functioning to safeguard the economic interests of the unorganised labour. Primary cooperative housing societies in both rural and urban areas are working under a two-tier system with the West Bengal State Cooperative Housing Feder ( 103 )
12 ation Limited at the apex level and Primary Cooperative Housing Societies at the base level. The Cooperative Audit Directorate is headed by the Director of Cooperative Audit, West Bengal who, in discharging his official duties and responsibilities at the directorate level, is assisted by one Additional Director of Cooperative Audit, one Assistant Director of Cooperative Audit, three senior Auditors (Gr. I), eight senior Auditors (Gr. II), eighteen Auditors of Co-operative societies and other staff. OPINIONS OF THE MEMBERS, DIRECTORS, GOVT. OFFICERS, COOP ERATIVE INSPECTORS. FIELD SUPERVISORS (BANK): We have collected opinions of the members, directors, govt, officers, cooperative inspectors, field supervisors etc. regarding the functioning of the different co-operative societies. We sum up their opinions in the following paragraphs. Cooperative movement was started to give financial assistance to improve the socio-economic condition of the poor people. It was started to make the people self reliant and self sufficient. But the common people are not concious about the fruits of the cooperative movement. For this, influencial persons in our society are dominating most of the cooperatives in the district. The common people are not getting chance to get them involved in the cooperative management. Lack of awareness among the poor and downtrodden people is the main hindrance to achieve the success of cooperative movement. Members of the board are honorary. They are not paid for their services rendered. They think less about the functioning of the cooperatives. Even they are not well trained regarding the co-operative management. Besides, politically empowered persons are taking part in the board management to fulfil mainly their own economic vested interests. Management or secretaries of the co-operative socieities are ill-paid. For this, they are less interested to collect the amount of loan disbursed earlier from the members. Due to lack of collection the difference between amount due to the ( 104)
13 district central cooperative bank and amount due to the members is getting higher and higher which leads to the way of insolvency. So efficiency on the part of the management is needed for its proper functioning. Lack of continuous supervision on the part of the cooperative inspectors and field supervisors of banks is also a problem for improper utilisation of amount of loan. As a result, in some cases repayment was not made properly. So, to get the amount of loan properly utilised and repaid there should be continuous supervision on the part of the cooperative inspectors, field supervisors and co-operatives management also. Regarding labour cooperatives and engineers' cooperatives there is a standing provision that 20% of the Govt, work order should be given to those types of cooperatives. But it is not done so. The Govt, should also look after to protect the cooperatives socially and economically. ( 105)
Dr. P.Velusamy Assistant Professor, Department of co operation, Sri Ramakrishna mission Vidyalaya College of arts and science, Coimbatore.
ATTAINING THE MARKET THROUGH INNOVATIVE STRATEGIES A CASE STUDY ON KARIAMPALAYAM PRIMARY AGRICULTURAL COOPERATIVE SOCIETY-COIMBATORE DISTRICT-TAMILNADU Dr. P.Velusamy Assistant Professor, Department of
More informationLOANS AND ADVANCES OF TNSC BANK
CHAPTER V LOANS AND ADVANCES OF TNSC BANK 5.1 INTRODUCTION 5.2 LOANS AND ADVANCES 5.3 LENDING RATES 5.4 GOVERNMENT OF INDIA INTEREST SUBVENTION 5.5 GOVERNMENT OF TAMIL NADU INTEREST SUBSIDY 5.6 NUMBER
More informationSUCCESSFUL COOPERATIVE SYSTEMS IN GUJARAT, MAHARASHTRA, PUNJAB
SUCCESSFUL COOPERATIVE SYSTEMS IN GUJARAT, MAHARASHTRA, PUNJAB Co-operative credit System in Maharashtra Maharashtra has all along been a leader in cooperative movement. Cooperative has become a way of
More informationPRIORITY SECTOR LENDING - RRB
PRIORITY SECTOR LENDING - RRB Priority Sector lending includes lending to those sectors that impact large sections of the population, the weaker sections and the sectors which are employment-intensive
More informationRoleofPrimaryAgriculturalCoOperativeSocietyPacsinAgriculturalDevelopmentinIndia
Global Journal of Management and Business Research: C Finance Volume 17 Issue 3 Version 1.0 Year 2017 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA)
More informationSai Om Journal of Commerce & Management A Peer Reviewed International Journal
Volume 4, Issue 2 (February, 2017) Online ISSN-2347-7571 Published by: Sai Om Publications Sai Om Journal of Commerce & Management INSTITUTIONAL CREDIT TO FARMERS: OVERVIEW OF PUNJAB STATE CO-OPERATIVE
More informationIJEMR April Vol 8 Issue 04 - Online - ISSN Print - ISSN
Functioning of Kscard Bank in the Economic Development of Farming Community (A Study with reference to Karnataka) Mr. Gopalakrishna K. Dr. Pramod Gonchikar Assistant Professor and Research Scholar, Department
More informationFINANCIAL ANALYSIS OF THANE DISTRICT CENTRAL CO -OPERATIVE BANK
FINANCIAL ANALYSIS OF THANE DISTRICT CENTRAL CO -OPERATIVE BANK Asst. Professor Shankar Narayan College of Arts, Commerce and Self Finance Courses. Bhayandar (East) (MS) INDIA A bank is a financial intermediary
More informationGOVERNMENT OF TELANGANA ABSTRACT. Agriculture Department - Guidelines for Crop Loan Waiver Scheme for the farmers of Telangana State Orders - Issued.
GOVERNMENT OF TELANGANA ABSTRACT Agriculture Department - Guidelines for Crop Loan Waiver Scheme for the s of Telangana State Orders - Issued. AGRICULTURE AND COOPERATION (AGRI.II) DEPARTMENT G.O.Rt.No.69
More informationCHAPTER II THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK LTD
CHAPTER II THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK LTD INTRODUCTION In the year 1929 on 25 th November the Mysore State Co-operative Land Mortgage Bank was established in
More informationEOCNOMICS- MONEY AND CREDIT
EOCNOMICS- MONEY AND CREDIT Banks circulate the money deposited by customers in the banks by lending it out to businesses at a rate of interest as a credit, which then acts as the income of the bank....
More informationINDIAN BANKING SYSTEM (UNIT-4) REGIONAL RURAL BANKS IN INDIA (PART-1)
INDIAN BANKING SYSTEM (UNIT-4) REGIONAL RURAL BANKS IN INDIA (PART-1) 1. INTRODUCTION Hello viewers welcome to the lecture series on Indian Banking System. Today we shall take up unit 4 and we shall discuss
More informationCommissioner General Of Samurdhi Ministry of Economic Development Si Sri Lanka
Chandra Wickramasinghe Commissioner General Of Samurdhi Ministry of Economic Development Si Sri Lanka Country Profile The Democratic Socialist Republic of Sri Lanka A Picturesque Tropical Island in South
More informationResearch Outline on A Study of Financial Performance of Selected Co- Operative Banks in Karnataka
Research Outline on A Study of Financial Performance of Selected Co- Operative Banks in Karnataka Submitted by Nagaraja, R. C, M.Com., M.Phil., S/o Sri. R. Channabasappa, Kakkaragola (at Post) 577 589,
More informationGOVERNMENT OF MADHYA PRADESH APPROPRIATION ACCOUNTS
1 GOVERNMENT OF MADHYA PRADESH APPROPRIATION ACCOUNTS 2004-2005 2 APPROPRIATION ACCOUNTS 2004-2005 GOVERNMENT OF MADHYA PRADESH TABLE OF CONTENTS Pages Introductory vii Summary of Appropriation Accounts
More informationCO:RURAL BANKING DEPARTMENT. Revised Kisan Credit Card (KCC) Scheme
a MAIN : ADV - 29/2012-13 DT. 14-05-2012 SUB : Rural Lending - 04 CO:RURAL BANKING DEPARTMENT FILE M-2 S-201 Revised Kisan Credit Card (KCC) Scheme Our Bank issued Master circular on Indian Bank Kisan
More informationBANKING WITH THE POOR
BANKING WITH THE POOR - Self Help Group Approach in India. by Ashok Kumar Valaboju M.Sc (Agric.), MBA, CAIIB Senior Branch Manager, Andhra Bank, Gurazala branch, Guntur Dist AP- India India has been fast
More informationROLE OF RRB IN RURAL DEVELOPMENT. G.K.Lavanya, Assistant Professor, St.Joseph scollege
ROLE OF RRB IN RURAL DEVELOPMENT G.K.Lavanya, Assistant Professor, St.Joseph scollege ABSTRACT: The importance of the rural banking in the economic development of a country cannot be overlooked. The objective
More informationGOVERNMENT OF MADHYA PRADESH
GOVERNMENT OF MADHYA PRADESH ACCOUNTANT GENERAL (ACCOUNTS AND ENTITLEMENTS) MADHYA PRADESH, GWALIOR 2 Preface The Annual Accounts of the State Government are prepared and examined under the directions
More informationMONEY AND CREDIT VERY SHORT ANSWER TYPE QUESTIONS [1 MARK]
MONEY AND CREDIT VERY SHORT ANSWER TYPE QUESTIONS [1 MARK] 1. What is collateral? Collateral is an asset that the borrower owns such as land, building, vehicle, livestock, deposits with the banks and uses
More informationCHAPTER IV LENDING OPERATIONS AND RECOVERY PERFORMANCE
CHAPTER IV LENDING OPERATIONS AND RECOVERY PERFORMANCE The management of funds has emerged as an area of vital importance for banks. The success of banks depends on the efficient management of funds. The
More informationABSTRACT. Keywords: Financial Inclusion, poverty, NABARD, economic growth, bank branch penetration, Financial products,
Critical appraisal of Process of Financial Inclusion and Indian Banking Sector By Dr. S. K. Pole Principal, S.B.B. alias Appasaheb Jedhe Arts, Commerce & Science College, Shukrawar Peth, Pune 411002, Maharashtra
More informationFinancial Inclusion in India through SHG-Bank Linkage Programme and other finance Initiatives of NABARD
Financial Inclusion in India through SHG-Bank Linkage Programme and other finance Initiatives of NABARD By A Ramanathan, Chief General Manager Micro Finance Innovations Department NABARD Mumbai What is
More informationDirecting the Credit for Agricultural Growth in Jammu & Kashmir
: Vol. 59 Special Issue: 767-772: 2014 78 Directing the Credit for Agricultural Growth in Jammu & Kashmir Sudhakar Dwivedi 1*, Pawan Kumar Sharma 2 and Rajinder Peshin 3 1, 2 Division of Agricultural Economics
More informationProvision of access to institutional finance Employment generation Literature Review It facilitates poverty alleviation
THE ROLE OF MICROFINANCE LOAN IN ESTABLISHMENT AND SUSTENANCE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES): A CASE STUDY OF UNIMAID MICROFINANCE BANK LTD. Ahmed Hassan Department of Business Administration
More informationPERFORMANCE EVALUATION OF DCCBs IN INDIA - A STUDY
169 PERFORMANCE EVALUATION OF DCCBs IN INDIA - A STUDY ABSTRACT THIRUPATHI KANCHU* *Faculty Member, University College, Department of Commerce and Business Management, Satavahana University, Karimnagar,
More informationSouthern Punjab Poverty Alleviation Project (SPPAP)
Southern Punjab Poverty Alleviation Project (SPPAP) Initial Impact of Community Revolving Funds for Agriculture Input Supply (CRFAIS) ~A Pilot Activity of SPPAP National Rural Support Programme (NRSP)
More informationRBI FINANCING GIIDELINES FOR ROOFTOP GRID CONNECTED SOLAR PV SYSTEMS, 2015
RBI FINANCING GIIDELINES FOR ROOFTOP GRID CONNECTED SOLAR PV SYSTEMS, 2015 Sl. No. Description Summary 1. Categories under priority sector Agriculture Micro, Small and Medium Export Credit Education Housing
More informationFinancial Sector Reforms
Reforms Mantra: Inclusion Growth Stability Financial Sector Reforms the way forward Team A: CA. Abhishek Mistry CA. Gagan Choudhary CA. Gagan Kothari CA. Rima Shah Topic: Regulatory Architecture Capital
More informationMaa Mangala Mahila Multi-purpose Cooperative Society Ltd., Arjunpur, Dist. Khordha, Orissa An Unique Society in the States
Maa Mangala Mahila Multi-purpose Cooperative Society Ltd., Arjunpur, Dist. Khordha, Orissa An Unique Society in the States PURNA CHANDRA KAR Project Officer (Retd), Executive Officer (Hon.), Maa Mangala
More informationRythara Seva Sahakara Sangha Niyamitha Singnayakanahalli Bangalore North Taluk, Bangalore District, Karnataka State.
Rythara Seva Sahakara Sangha Niyamitha Singnayakanahalli Bangalore North Taluk, Bangalore District, Karnataka State. The Rythara Seva Sahakara Sangha Niyamitha was established in the year 1969 and is situated
More informationNOTES FOR THE TEACHER
NOTES FOR THE TEACHER CHAPTER 3 : AND CREDIT Money is a fascinating subject and full of curiosities. It is important to capture this element for the students. The history of money and how various forms
More informationA DOSSIER: BILLS ON UNORGANISED WORKERS
The Bill Proposed by National Commission for Enterprises in the Unorganised Sector 2005, which was discussed at Indian Labour Conference, December 2005 UNORGANISED SECTOR WORKERS (CONDITIONS OF WORK &
More informationGOVERNMENT OF TRIPURA
GOVERNMENT OF TRIPURA ACCOUNTS AT A GLANCE SENIOR DEPUTY ACCOUNTANT GENERAL (ACCOUNTS AND ENTITLEMENT) TRIPURA, AGARTALA GOVERNMENT OF TRIPURA ACCOUNTS AT A GLANCE SENIOR DEPUTY ACCOUNTANT GENERAL (ACCOUNTS
More informationEvaluation of SHG-Bank Linkage: A Case Study of Rural Andhra Pradesh Women
EUROPEAN ACADEMIC RESEARCH Vol. II, Issue 8/ November 2014 ISSN 2286-4822 www.euacademic.org Impact Factor: 3.1 (UIF) DRJI Value: 5.9 (B+) Evaluation of SHG-Bank Linkage: A Case Study of Rural Andhra Pradesh
More informationCHAPTER 425 THE SMALL ENTERPRISES DEVELOPMENT ACT PART I PRELIMINARY. Section 1. Short title and commencement 2. Interpretation PART II
CHAPTER 425 THE SMALL ENTERPRISES DEVELOPMENT ACT ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Short title and commencement 2. Interpretation PART II THE SMALL ENTERPRISE DEVELOPMENT BOARD 3.
More informationAn Overview of Agricultural Credit and Crop Insurance in Bihar
MPRA Munich Personal RePEc Archive An Overview of Agricultural Credit and Crop Insurance in Bihar R.K.P. Singh and K.M. Singh R.A.U., Bihar, ICAR-RCER, Patna 9. January 2013 Online at http://mpra.ub.uni-muenchen.de/46901/
More informationStudy Report on Rice Credit Line in Guntur District: Andhra Pradesh
Study Report on Rice Credit Line in Guntur District: Andhra Pradesh In keeping with the development commitment of the state and as envisaged in Swarnandhra Pradesh ' Vision 2020 ' policy document, Andhra
More informationMicrofinance for Agriculture: Perspectives from India
Microfinance for Agriculture: Perspectives from India SATISH PILLARISETTI National Bank for Agriculture and Rural Development (NABARD) INDIA 11 December 2007 1 PROLOGUE State interventions in rural finance
More informationRashtriya Sahakari Vikas Nigam National Cooperative Development Corporation 4, Siri Institutional Area, Hauz Khas, New Delhi
1. Name of the Society Complete Address Rashtriya Sahakari Vikas Nigam National Cooperative Development Corporation 4, Siri Institutional Area, Hauz Khas, New Delhi - 110 016 PIN Code Taluka & District
More informationA Study on Indian Rural Banking Industry - Issues and Challenges
A Study on Indian Rural Banking Industry - Issues and Challenges Monika Bansal *, Sneha Department of Human Resource, BLS Institute of Technology Management, GGSIPU, New Delhi, India Article Info Article
More informationGOYAL BROTHERS PRAKASHAN
Question Bank in Social Science (Economics) Class-X (Term-II) 3 MONEY AND CREDIT CONCEPT Money is anything which is commonly accepted as a medium of exchange and in discharge of debts. People exchange
More informationA study to understand the saving pattern and credit needs of the tribal families of Maharashtra and Gujarat State of India
A study to understand the saving pattern and credit needs of the tribal families of Maharashtra and Gujarat State of India Abstract Veena Halwe BAIF Development Research Foundation Poor households face
More informationMicro Finance in the World and in India: Status, Problems and Prospects
Micro Finance in the World and in India: Status, Problems and Prospects By Vijay Mahajan Chair, CGAP ExCom Founder and CEO, BASIX Social Enterprise Group, India President, MFIN (MFI Network of India) March
More informationThe Role Of Micro Finance In Women s Empowerment (An Empirical Study In Chittoor Rural Shg s) In A.P.
The Role Of Micro Finance In Women s Empowerment (An Empirical Study In Chittoor Rural Shg s) In A.P. Dr. S. Sugunamma Lecturer in Economics, P.V.K.N. Govt College, Chittoor Abstract: The SHG method is
More informationDRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XXVI. Nidhis
DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XXVI Nidhis In exercise of the powers conferred under sub-section (1) of section 406 read with sub-sections (1) and (2) of 469 of the Companies Act, 2013,
More informationBest Practices in CRAR improvement and Share Capital Mobilization of Dharmapuri District Central Co-operative Bank, Dharmapuri, Tamil Nadu
Best Practices in CRAR improvement and Share Capital Mobilization of Dharmapuri District Central Co-operative Bank, Dharmapuri, Tamil Nadu Sivasankaran. G General Manager Dharmapuri District Central Co-operative
More informationImpact of Deprived Sector Credit Policy on Micro Financing Presented by Nepal Rastra Bank
Impact of Deprived Sector Credit Policy on Micro Financing Presented by Nepal Rastra Bank Introduction: The deprived sector credit policy is directed credit policy of Nepal Rastra Bank, which is designed
More informationPerformance of Self-help Groups in Micro Finance
Economic Affairs, Vol. 6, No. 4, pp. 609-6, December 06 DOI: 0.5958/0976-4666.06.00075.9 06 New Delhi Publishers. All rights reserved Performance of Self-help Groups in Micro Finance Vanita Khobarkar,
More informationWelcome to Presentation of Twelfth Five Year Plan and Annual Plan Proposal Madhya Pradesh. May 11, 2012
Welcome to Presentation of Twelfth Five Year Plan and Annual Plan Proposal Madhya Pradesh May 11, 2012 1 ACHIEVEMENTS OF ELEVENTH PLAN (ECONOMY) Targets and Achievement Sector Target for Growth Expected
More informationAarhat Multidisciplinary International Education Research Journal (AMIERJ) ISSN
Page18 MICRO-FINANCE IN INDIA PROGRESS OF SHG-BANK LINKAGE PROGRAMME RAVINDER KUMAR Deptt. Of Commerce Kurukshetra University Kurukshetra RITIKA Deptt. Of Commerce Kurukshetra University Kurukshetra Abstract
More informationFinancial Intermediaries in India. Samir K Mahajan
Financial Intermediaries in India Financial Institutions are intermediaries that mobilizes saving and channelize the funds to the productive investment. These are responsible for efficient allocation and
More informationManagement of Non-Performing Assets in Thoothukudi Pandyan Grama Bank in Thoothukudi District
International Journal Scientific and Research Publications, Volume 5, Issue 6, June 2015 1 Management Non-Performing Assets in Thoothukudi Pandyan Grama Bank in Thoothukudi District Dr. D.Rathi Assistant
More informationMICRO FINANCE: A TOOL FOR SELF EMPLOYMENT WITH SPECIAL REFERENCE TO RURAL POOR
MICRO FINANCE: A TOOL FOR SELF EMPLOYMENT WITH SPECIAL REFERENCE Dr. Babaraju K. Bhatt* Ronak A. Mehta** TO RURAL POOR Abstract: Indian population comprises roughly one sixth of the world s population.
More informationGovernment s Agricultural economic initiatives and challenges ahead
Government s Agricultural economic initiatives and challenges ahead Author: Prof. Pravin B. Rayate* Dr. Suhas. B. Dhande** Prof. Manoj R. Mahanubhav** Abstract: Indian economy is highly dependent on agriculture
More informationGOVERNMENT OF MADHYA PRADESH
GOVERNMENT OF MADHYA PRADESH ACCOUNTANT GENERAL (ACCOUNTS AND ENTITLEMENTS) MADHYA PRADESH, GWALIOR 2 Preface The Annual Accounts of the State Government are prepared and examined under the directions
More informationMicrofinance in India: What do we know?
Presentation at ICRIER s Financial Sector Seminar 5th February 2008, 12.30pm Microfinance in India: What do we know? by Mathew Titus, Executive Director Sa-Dhan Presentation Outline 1 Microfinance Sector
More informationMicrofinance in Haryana: Evaluation of Self Help Group-Bank Linkage Programme of NABARD in Haryana
Microfinance in Haryana: Evaluation of Self Help Group-Bank Linkage Programme of NABARD in Haryana Sachin 1 and Sameesh Khunger 2 1,2 (Assistant Professor, Department of Business Administration, Chaudhary
More informationDr. Najmi Shabbir Lecturer Shia P.G. College, Lucknow
Banking Development after Nationalization and Social Control in India (1967 To 1991) Dr. Najmi Shabbir Lecturer Shia P.G. College, Lucknow Abstract: This paper mainly analyses the impact of Nationalisation
More informationInternational Monetary Fund Washington, D.C.
2006 International Monetary Fund February 2006 IMF Country Report No. 06/52 Vietnam: Statistical Appendix This Statistical Appendix paper for Vietnam was prepared by a staff team of the International Monetary
More informationAgriculture and SME Finance
Chapter9 9.1 Bangladesh is on course for middle income country status and its agriculture sector has continued to play a significant role by providing the largest share of employment in the country. Growth
More informationKalajhinin Mahila SHG
Kalajhinin Mahila SHG It has been demonstrated that the provision of credit for the rural poor would result in significant productivity increases. The poor require a range of financial services, such as
More informationSTATUS OF RURAL AND AGRICULTURAL FINANCE IN INDIA
STATUS OF RURAL AND AGRICULTURAL FINANCE IN INDIA Dr. K. K. Tripathy The public capital formation in the agricultural sector is on the decline and the traditional concern about accessibility of agricultural
More informationAgricultural and Rural Finance
Chapter8 Annual Agricultural Credit Programme 8.1 In Bangladesh about 70 percent of the poor people live in rural areas and are concentrated in the agriculture sector. The performance of the agriculture
More informationAfrican Journal of Hospitality, Tourism and Leisure Vol. 1 (3) - (2011) ISSN: Abstract
African Journal of Hospitality, Tourism and Leisure Vol. 1 (3) - (2011) ISSN: 1819-2025 Micro-Women Entrepreneurship and its potential for hospitality and tourism related enterprises amongst others: a
More information13 Audit of Co-operative Societies
13 Audit of Co-operative Societies Question 1 An auditor of a Co-operative Society governed by Cooperative Societies Act, 1912 is required to attach schedules giving certain information. Please list the
More informationFood Security Policy Project Research Highlights Myanmar
Food Security Policy Project Research Highlights Myanmar December 2017 #9 AGRICULTURAL CREDIT ACCESS AND UTILIZATION IN MYANMAR S DRY ZONE Khun Moe Htun and Myat Su Tin INTRODUCTION This research highlight
More informationHasmukh Adhia is the present finance secretary of India. (18/3/2018)
Hasmukh Adhia is the present finance secretary of India. (18/3/2018) CONSIDER THE FOLLOWING STATEMENT REGARDING THE LOANS TO WOMEN SELF HELP GROUPS IN UNION BUDGET 2018-19 1) It increased to grow about
More informationBUDGET MCQ PART- I. Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget ?
BUDGET MCQ PART- I Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget 2017-18? 1. 40 lakh crores 2. 30 lakh crores 3. 10 lakh crores 4. 20 lakh crores 5. None of
More informationSAMRUDHI Micro Fin Society (SMS) Brief Profile
SAMRUDHI Micro Fin Society (SMS) Brief Profile 1 The Problem Sixty percent of the population in India lives below poverty line and they suffers from high rates of hunger and malnutrition. To cope with
More informationA Case Study on Socio - Economic Conditions of Agricultural Labourers in Idaikal Village in Tirunelveli District. Dr. T.
Volume: 3; No: 2; June-2017. pp 256-264. ISSN: 2455-3921 A Case Study on Socio - Economic Conditions of Agricultural Labourers in Idaikal Village in Tirunelveli District Dr. T. Vijayanthi Assistant Professor
More informationBANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970
BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 Preamble 1 - BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 PREAMBLE BANKING COMPANIES (ACQUISITION AND TRANSFER
More informationThe Bill of National Commission for Enterprises in the Unorganised Sector, 2006
The Bill of National Commission for Enterprises in the Unorganised Sector, 2006 UNORGANISED SECTOR WORKERS (EMPLOYMENT AND WELFARE) BILL The Bill submitted by NCEUS in the year 2006 for the social security
More informationANSWER KEY C F.Y.B. Com. (FINANCIAL MANAGEMENT) (CHOICE BASE) SEMESTER - I / C Indian Financial System
ANSWER KEY-00135 C0921 - F.Y.B. Com. (FINANCIAL MANAGEMENT) (CHOICE BASE) SEMESTER - I / C0584 - Indian Financial System Q1) a) Answer whether the below statements are True or False: (Attempt any 8) (8
More informationGOVERNMENT OF WEST BENGAL Finance Department Audit Branch No. : 7220-F Kolkata, the 23 rd July, 2009.
GOVERNMENT OF WEST BENGAL Finance Department Audit Branch No. : 7220-F Kolkata, the 23 rd July, 2009. From : D. Mukhopadhyay Principal Secretary to the Government of West Bengal, Finance Department. To
More informationGRAMIN BHANDARAN YOJANA/RURAL GODOWN SCHEME
GRAMIN BHANDARAN YOJANA/RURAL GODOWN SCHEME The objective of rural godown scheme is to provide the farming community with facilities for scientific storage so that wastage and produce deterioration are
More informationIJEMR - May Vol.2 Issue 5 - Online - ISSN Print - ISSN
Role of Public Sector Banks in Microfinance - A Study of Public Sector Banks in the Southern Region of India * Dr. Sujatha Susanna Kumari. D Asst. Professor, Dept. of Commerce, School of Business Studies,
More informationBELIZE CENTRAL BANK OF BELIZE ACT CHAPTER 262 REVISED EDITION 2000 SHOWING THE LAW AS AT 31ST DECEMBER, 2000
BELIZE CENTRAL BANK OF BELIZE ACT CHAPTER 262 REVISED EDITION 2000 SHOWING THE LAW AS AT 31ST DECEMBER, 2000 This is a revised edition of the law, prepared by the Law Revision Commissioner under the authority
More informationNetherlands. May 2018 Statistical Factsheet
May 2018 Statistical Factsheet Netherlands CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14
More informationItaly. May 2018 Statistical Factsheet
May 2018 Statistical Factsheet Italy CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14 15-16
More informationAustria. May 2018 Statistical Factsheet
May 2018 Statistical Factsheet Austria CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14
More informationEstonia. May 2018 Statistical Factsheet
May 2018 Statistical Factsheet Estonia CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14
More informationPROVISIONS RELATED TO AUDIT OF Co-operatives- Sec 81 and Rule 69 of Amended MCS Act, CA. RAMESH S. PRABHU CHAIRMAN, MSWA
PROVISIONS RELATED TO AUDIT OF Co-operatives- Sec 81 and Rule 69 of Amended MCS Act, 1960. CA. RAMESH S. PRABHU CHAIRMAN, MSWA MEANING, DEFINITION AND OBJECTS OF AUDIT Meaning: Co-operative Audit includes:
More informationNotes on clauses.
52 Notes on clauses Clause 2, read with the First Schedule to the Bill, seeks to specify the rates at which income-tax is to be levied on income chargeable to tax for the assessment year 2009-2010 Further,
More informationFrance. May 2018 Statistical Factsheet
May 2018 Statistical Factsheet France CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14
More informationOPERATIONAL EFFICIENCY OF REGIONAL RURAL BANKS AND OTHER COMMERCIAL BANKS OF ODISHA INDIA: A COMPARATIVE STUDY
OPERATIONAL EFFICIENCY OF REGIONAL RURAL BANKS AND OTHER COMMERCIAL BANKS OF ODISHA INDIA: A COMPARATIVE STUDY Prof. RN Subudhi & Jitendra K. Ram School of Management, KIIT University Bhubaneswar, India
More informationA Study On Socio-Economic Condition Of Self Help Group Members At Village Warishpur, West Bengal
A Study On Socio-Economic Condition Of Self Help Group Members At Village Warishpur, West Bengal Badsha Pal M.A. in Geography, NET Qualified, Assistant Teacher of Aurangabad High School (H.S.), West Bengal
More informationRisk Management: Islamic Financial Policies. Case Study of Farmers Commercial Bank
Paving the Way Forward for Rural Finance An International Conference on Best Practices Case Study Risk Management: Islamic Financial Policies Case Study of Farmers Commercial Bank By Ahmed Gaber (Farmer
More informationCHAPTER 5: FINDINGS, SUGGETIONS, HYPOTHESIS TESTING AND CONCLUSION
Evaluation of working and performance of Regional Rural Banks of Gujarat State has been made at length with different angles in foregoing chapters. Contribution and overall progress made and key areas
More informationMicro-finance and Credit in the Development of Renewable Energy Sector
Micro-finance and Credit in the Development of Renewable Energy Sector Renewable Energy (RE) projects have distinct differences from other projects (even those involved with the development of conventional
More informationCENTRAL FINANCE COMPANY PLC - PQ 67 FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 ST MARCH 2018
CENTRAL FINANCE COMPANY PLC - PQ 67 Circular to Shareholders Dear Shareholder/s, FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 ST MARCH 2018 As reflected in its audited Financial Statements as at 31 st
More informationGreece. Sources: European Commission, Eurostat, and Directorate General for Economic and Financial Affairs. Updated: M ay 2018
May 2018 Statistical Factsheet Greece CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14
More informationRECENT TRENDS IN SOCIAL SECTOR EXPENDITURE IN INDIA
EPRA International Journal of Economic and Business Review Vol - 4, Issue- 5, May 2016 Inno Space (SJIF) Impact Factor : 5.509(Morocco) ISI Impact Factor : 1.259 (Dubai, UAE) RECENT TRENDS IN SOCIAL SECTOR
More informationQuestions/Concerns regarding PAT CDP through Microcredit proposal
Questions/Concerns regarding PAT CDP through Microcredit proposal 1) In the proposal, it says - almost all our 35000 target members in Ariyalur, Trichy and Tanjore Districts in TamilNadu... What kind of
More informationA Role of Joint Liability Group (JLG) in Rural Area: A Case Study of Southern Region of India
Euro-Asian Journal of Economics and Finance ISSN: 2310-0184(print) ISSN: 2310-4929 (online) Volume: 2, Issue: 1(January 2014), Pages: 13-20 Academy of Business & Scientific Research http://www.absronline.org/journals
More informationDenmark. Sources: European Commission, Eurostat, and Directorate General for Economic and Financial Affairs. Updated: M ay 2018
May 2018 Statistical Factsheet Denmark CONTENTS Main figures 1. KEY DATA 2. POPULATI ON & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMI C ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5 6-12 13-14
More informationMONTHLY ECONOMIC REPORT MARCH 2014
Ministry of Finance Department of Economic Affairs Economic Division 4(3)/Ec. Dn. /2012 MONTHLY ECONOMIC REPORT MARCH 2014 HIGHLIGHTS The growth of GDP at factor cost at constant (2004-05) prices (real
More informationCREDIT FLOW FROM DIFFERENT INSTITUTIONS IN PUNJAB AGRICULTURE
CREDIT FLOW FROM DIFFERENT INSTITUTIONS IN PUNJAB AGRICULTURE Harvinder Kaur* Pavneet* Abstract: Strengthening of Indian agriculture is important for elimination of rural poverty, unemployment and sustainable
More informationFUNCTIONAL PROGRESS OF REGIONAL RURAL BANKS IN PRIORITY SECTOR LENDING: A CASE STUDY OF PUNJAB STATE
I.J.E.M.S., VOL.6 (4) 2015: 197-210 ISSN 2229-600X FUNCTIONAL PROGRESS OF REGIONAL RURAL BANKS IN PRIORITY SECTOR LENDING: A CASE STUDY OF PUNJAB STATE Kaushal Meetu Vivek High School Chandigarh, Union
More informationDevelopment Credit Agreement
Public Disclosure Authorized CREDIT NUMBER 252 SE CONFORMED COPY Public Disclosure Authorized Development Credit Agreement (Casamance Rice Project) Public Disclosure Authorized BETWEEN THE REPUBLIC OF
More information