The concept and system of co-operation was first introduced in India to bridge the huge gap between the need for and the supply of institutional funds to the farmers and as a defensive organization for dealing with problems of rural indebtedness. Co-operative Credit Societies Act was first enacted in 1904. That was later replaced by a more comprehensive Act in 1912. Thereafter, the States also enacted Acts to promote co-operatives. The rural economy of West Bengal, a State of India, is mainly an agro-based economy, like most of the other States of the country. In fact, for promoting a...
The concept and system of co-operation was first introduced in India to bridge the huge gap between the need for and the supply of institutional funds...