Growth And Evolution Of Industry In India Economics Essay This project was undertaken with the objective of penetration of kool co perative product inthe outlet levels. It also looked into the different factor of stocking decision to the productin the retail outlets . Cooperative movement in India has celebrated its centenary year of service recently. Indiancooperatives are unique as they were initiated and supported by the government. Elsewhere it hadalways been organized only by volunteer members with least or no government intervention A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democraticallycontrolled enterprise”They are business entities where people work together to solve common problems, seize exciting opportunities and provide themselves with goods and services. Agricultural Cooperatives in India are very actively and intimately involved in several agriculture related activities. The most important activities are the disbursement ofproduction credit and distribution of fertilisers and other inputs viz seeds, pesticidesand agricultural implements. Agricultural Cooperatives are also involved inprocurement of farm produce, processing and marketing of oilseeds, Cotton, sugar, milk and milk products, distribution of essential commodities, clothes, kerosene oil and merchandise etc. This essay is an example of a student’s work Disclaimer This essay has been submitted to us by a student in order to help you with your studies. This is not an example of the work written by our professional essay writers. Essay Writing Service Dissertation Writing Service Who wrote this essay Place an Order Indian cooperative industry accepted food standards in food produced cooperatives and the services provider industry provide better services to their member and genrl public .the food and agriculture department under the BIS has set a total of 1851 standard.overtime the demand for cooperative product its processed is set to increase both domestically and internationally with the consumer becomingvery discerning about of productsand the importers setting very tough standards to be met the extent ti which this market can be captured by the indian industry depends upon the extent to which quality value products can be delivered both in india and abroad The supply chain is closely linked to the governance structure of the chain. For instance, the GCMMF network is very strong, with farmer involvement at all levels in the chain. Presently ,cooperative are facing several livehood crisis because of adverse government policies,golbalisation and changing socio ,economic condition .Government have been extremely adverse retrograde and determinental to interest of the cooperative product Government polocies are increasing influenced by the globalization process induced trade regimes. 1. Growth and Evolution of Industry in India “A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democraticallycontrolled enterprise”They are business entities where people work together to solve common problems, seize exciting opportunities and provide themselves with goods and services. A cooperative is managed on the basis that the customers of a business are also the owners of the business customer is entitled to become a member of the cooperative society, thereby receiving the benefit of successive a dividend payout. These organizations are better recognized worldwide, for their non-profit character and root level social functioning on voluntary basis. Voluntary and open membership, democratic member control, member economic participation, autonomy and independence, education, training and information, cooperation among cooperatives and concernfor community are the principles of cooperatives. Self help, self responsibility, democracy, equality, equity and solidarity are the values of Cooperative organizations In the tradition of its founders, the movement also follows such ethical values as honesty, openness, social responsibility and caring for others. Needless to say, it is a social movement and its growth will unanimously result in the wholesome growth of the society. Cooperative movement in India has celebrated its centenary year of service recently. Indiancooperatives are unique as they were initiated and supported by the government. Elsewhere it hadalways been organized only by volunteer members with least or no government intervention. InIndia it was introduced in 1904, as the planners of the country firmly believed that it could servefor national development and also could serve as a shield in protecting the 1 vulnerable section of populace, especially the farmers from certain social evils like agricultural backwardness, poverty and rural ineptness Though they were initially organized only as the credit institutions, Indian cooperatives today,tirelessly serve in endless areas of services. They serve in credit and non credit areas. Theydeliver credits for agriculture as well as non agriculture purposes. They operate their businessesin numerous non credit phasestoo. In the early years of the 20th century, government thought of organizing farmers into voluntary groups which could secure cheap farm credit on a collective basis and thus savethem from usurious practices of money lenders. Thus, cooperative societies were born. Alegislation was enacted in 1904 titled the “Cooperative Credit Societies Act, 1904”. Theinspiration for this Act had come from the success of the cooperative movement in Europe. Though, the first steps in this direction were initiated by the government, the conceptreceived excellent response from rural India and within a few years a number of cooperativesocieties were in existence in large parts of the country. The Act was further refined in 1912.Provinces like Bombay, Madras, Bihar, Orissa and Bengal made all out efforts to expandcooperatives in their territory and made their own enactments on the pattern of the 1912Act. The Reserve Bank of India which was established in 1934 had agriculture credit asone of its primary functions and by extending refinance facility to the village cooperativesystem it played an important role in spreading the cooperative movement to all cornersof the country. After Independence, the reports of the All India Rural Credit CooperativeSurvey Committee (1951-54) and formation of District and Apex Cooperative Banks inthe 1960s provided further fillip to this sector. This essay is an example of a student’s work Disclaimer This essay has been submitted to us by a student in order to help you with your studies. This is not an example of the work written by our professional essay writers. Essay Writing Service Dissertation Writing Service Who wrote this essay Place an Order In order to cover Cooperative Societies with membership from more than one province, the Government of India enacted the Multi-Unit Cooperative Societies Act, 1942. This Act was an enabling legislative instrument dealing 2 with incorporation and winding up of cooperative societies having jurisdiction in more than one province. With the emergence of national federations of cooperative societies in various functional areas and to obviate the plethora of different laws governing the same types of societies, a need was felt for a comprehensive Central legislation to consolidate the laws governing such cooperative societies. Therefore, the Multi-State Cooperative Societies Act, 1984 was enacted by Parliament under Entry No. 44 of the Union List of the Constitution of India. After India attained Independence in August, 1947, cooperatives assumed a great significance in poverty removal and faster socio-economic growth. With the advent of the planning process, cooperatives became an integral part of the Five Year Plans. As a result, they emerged as a distinct segment in our national economy. In the First Five Year Plan, it was specifically stated that the success of the Plan would be judged, among other things, by the extent it was implemented through cooperative organizations. The co-operative movement in India was basically organized against the moneylenders to rescue farmers from the clutches of the poverty and indebtedness. The need for agricultural credit through co-operatives felt because of rural indebtedness. The Indian co-operative movement was initiated by the government; it spread and diversified with the encouragement and support of the government. In this connection, observation made by NABARD‟ in its Annual Report, 2001-2002 is; “Co-operatives have contributed significantly to the growth of institutional infrastructure in the rural areas, private capital formation in the agriculture sector and distribution of farm inputs like fertilizers, seeds etc. 3 2.Product Profile (Major Products) Co-operative Banks Co operative banks provide following products. Current Account Saving Accounts Mortgages loans Term Deposite Professional self employed Credit cards and debit card &Atm Financial advice Insurance facility Investment facility Indian Farmers Fertiliser Cooperative Limited Farmers Fertilizer d provide following products. Urea NPK DAP NP Bio fertilizer Water soluble fertilizer 4 Dairy products Delicious table margarine Butter Dahi Natramul energy drink Kool flavoured buttled milk Gouda cheese Basundi Kool milk shaake Ghee Others, including Cream, Ice Cream Suger products Khandari Gur Suger 5 3. Demand determination of the Industry Over the span of three decades, India has transformed from a country of acute cooperative shortage to the world’s leading cooperative producer, with production exceeding 100 million tonnes in 2006. This phenomenal success is attributed to a Government initiative known as Operation Flood (1970–1996) and its intense focus on dairy development activities. In that initiative, rural milk shed areas were linked to urban markets through the development of a network of village cooperatives for procuring and marketing milk. And milk production and productivity were enhanced by ensuring the availability of veterinary services, artificial insemination (AI), feed and farmer education. The investment paid off, promoting production gains of 4–5 percent per annum. Price Successful marketing of cooperative products will ensure their dominant position in price holding which safeguards the economic interests of general public. For example the price line of the milk pockets supplied by the private dairies are under control only because the tough competition posed by the cooperative dairies. When the cooperative consumer store successfully operate in market the local super markets private groceries will be compelled to fix nominal price for the goods they sell. These price advantages in the long run will help the cooperatives to win the community support and the faith over this great democratic movement will be regained once Income of targeted customers The world’s largest consumers’ cooperative products is the Co-operative Group in India and higher level and lower level income people and also middle level people in India also has a number of autonomous consumers’ cooperative societies, such as the East of India Co-operative Society and In fact, the Co-operative Group is something of a hybrid, having both corporate 6 members (mostly other consumers’ cooperatives, as a result of its origins as a wholesale society), and individual retail consumer members. Availability of Finance Finance available from national bank for agriculture and rural development at national level. Supervisory Functions of NABARD include undertaking inspection of Regional Rural Banks (RRBs), cooperative banks (other than urban/primary cooperative banks) and State Cooperative Agriculture and Rural Development Banks (SCARDBs).finance available from national bank state cooperative bank and district cooperative bank. Promotion Schemes has been implementing a Central Sector/Corporation Sponsored Scheme for providing financial assistance towards setting-up of agro-based processing units Establishment of new processing units. Expansion/modernization/rehabilitation/diversification of existing units. Strengthening of share capital base Margin money/working capital to commodity cooperative and State-level Commodity Federations for expansion of their business activities Agricultural credit through Cooperatives; Labor cooperatives; Water conservation works/services, irrigation, micro-irrigation in rural areas undertaken by the Cooperatives; Animal care/health, disease prevention through Cooperatives; 7 And povide funding through State Govt. Excise duty structures There are no excise duties on any of the dairy products manufactured in India. VAT applicable for Dairy products is 4% for skimmed milk powder and 12.5% for otherDairy Products (VAT is value added tax for sale within India). The applicable dutyrates are revised by the Government of India periodically. The state-level taxes on manufactured products create a non-level playing field vis-àvisthe unorganised sector, which can price its products lower as there is no outflowon account of such levies. Further, there is high level of taxation on dairy equipment and machinery (16%central excise + 15.3% sales tax + 4% octroi), with the exception of a few productswhich are exempt. Also, the excise duty on polyethylene film, aseptic packagingmachines, milk vending machines, pouch filling machines, used in packing anddistribution increases the cost of packed and pasteurised milk. 8
Growth And Evolution Of Industry In India This project was undertaken with the objective of penetration of kool co perative product inthe outlet levels. It also looked into the different fa…
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