INDUSTRIAL CO-OPERATIVES

INTRODUCTIONIn 1904 the then British Government passed the Co-

operative Credit Societies Act.

The object of the Act was to encourage thrift, self-help

and co-operation amongst persons of limited means and increase their productive capacity and financial resources. from co-operative banks and private entrepreneurs.

Funds for industrial co-operative societies are available

Government provides subsidies, grants-in-aid and loans

for the purchase of machinery, equipment, raw materials, etc.

DEFINITION An industrial co-operative is an association of workers &

craftsmen involved in cottage or village industries, who come together to undertake collective production, processing & marketing of goods manufactured by the members & provide them with the necessary services & assistance.

It can be defined as A co-operative organized by workers,

controlled by worker & managed by workers for meeting their common purpose.

Thus, the prime objective of an industrial co-operative is to

benefit the workers socially and economically.

AIMS AND OBJECTIVESTo develop self-reliance, co-operation and self-

respect among the members.

To purchase and supply raw materials, tools and

equipments needed by workers. organizations.

To obtain contacts from the govt. and other

To purchase machinery and other equipments

required by members and to hire them to the members for quality production.

To grant advances if needed by member workers

against the securities of raw materials and finished products. products and raw materials.

To construct take-on-rent godowns for finished

To undertake all such activities needed for the

welfare and well-being of the member and the society.

HISTORYIndustries are the drivers of economy of a country. Launch of Swadeshi movement. Realization for the need of co-operative

organization.Thus industrial co-operative was formed.

ROLESRequisite facilities by the government.

Pooling of capital and skill.

TYPES OF INDUSTRIAL CO-OPERATIVESIndustrial Production Society: Industrial service co-operative society Common facility workshop society Workers co-operatives

Community co-operatives Secondary co-operatives Credit unions Workshop Co-operatives

ORGANIZATIONAL STRUCTURE National Federation of Industrial Co-operatives. National Federation of Specific type of Industrial

Co-operatives. State Level Federations. Central and Primary Industrial Co-operatives. Co-operative Industrial Estates.

BENEFITS OF INDUSTRIAL CO-OPERATIVESEmployment Opportunities Training and Knowledge Marketing of Goods Higher Standard of Living Availability of necessary raw material and equipments

at Nominal rates.

PROBLEMS OF INDUSTRIAL CO-OPERATIVES

Problem of Finance Problem of Human Resource Problem of Production Problem of Marketing Lack of Member Education Lack of support from Higher Institution Lack of loyalty of Members Lack of proper Planning

KINDS OF INDUSTRIAL COOPERATIVE

Handloom co- operatives

Handicrafts

Oil-crushing

Leather Tanning

Shoe-Making

Carpentry and Black smithy

Ban and Rope Making

Rice Husking & Flour Milling

Sericulture

Pottery

INSTITUTIONAL SUPPORT FOR CO-OPERATIVES

National Co-operative Development Corporation

(NCDC)Khadi And Village Industries Commission (KVIC)

National Federation Of Industrial Co-operatives

(NFIC)National Bank for Agricultural And Rural

Development (NABARD)

CONCLUSIONThe co-operatives had been formed by the masses. Industrial co-operatives offer an opportunity. Small scale industries are have a huge potential. Government has taken steps to form institutions

that give financial support.

Presented ByS.Y.B.M.S. A.Sujay Biswas6 Vrinda Dhanuka 11 Vivek Doshi12 Anishi Khetan23 Femisa Limbdiwala- 24 Craig Lobo25 Maitri Mehta27 Nishita Parikh39 Milan Rathod43