Kerala co operative societies Act section 55-62

55- Fund not to be divided
56- Disposal of net profit
56A- Disposal of non banking assets
57- Investment of funds
57A- Co operative development and welfare fund
57B- Deposit guarantee scheme
57C- Consortium lending scheme
57D- Co operative risk fund scheme
58- Restriction on borrowings
59- Restriction on loans
60- Restriction on other transactions with members
61- Provident fund
62- Gratuity 

Kerala co operative societies Act sections 42 to 54

42. Direct partnership of Government in societies
43. Indirect partnership of Government in societies
44. Principle state partnership fund
45. Subsidiary state partnership fund
46. Approval of Government for purchase of shares
47. Liability to be limited in respect of certain shares
48. Restriction on amount on dividend
49. Identity of apex and central societies
50. Disposal of share capital and dividend etc
51. Disposal of principle state partnership fund and subsidiary state partnership fund
on winding up of apex or central society
52. Agreement by Government and apex societies
53. Order forms of state aid to societies
54. Provisions of sections 43 to 52 to override other laws
                       

Kerala co operative societies Act sections 27 - 34

27- Final authority in a society
28- Appointment of Committee
28A- Reservation for women members and members belonging to scheduled castes or scheduled tribes in a committee
28AA- Reservation for persons with banking experience or professional qualification in the committee of urban co operative banks
28AB- Election and removal of president and vice president
28B- State co operative election commision
29- Annual general body meeting
30- Special general body meeting
31- Nominees of government on committee of an apex or a central society
32- Supersession of committee
33- Appointment of new committee or administrator on failure to constitute committee, etc.
34- securing possession of records etc
                               

Kerala Co operative Societies Act 1969 Sections 35 - 41

35. First charge of society on certain                     assets

36. Charge on land owned or held by                    members borrowing loans from                      certain societies

36A. Charge on movable or immovable                   property of borrower by creating                   Gehan

37. Deduction from salary to meet                          societies claim in certain cases

38. Charges and set off in respect of                       shares or interest of members in the               capital of a society

39. Shares or interest or reserve fund                   not liable to attachment

40. Exception from certain taxes, fees                   and duties
41. Exception from compulsory registration        of instruments 

                                   

Kerala Co operative Societies Act 1969 Sections 16 - 26

16       - persons who may become members
16 A   - Ensuring participation of members                 in the management of societies
17       - Expulsion of members
18       - Nominal or associate members
19       - Member not to exercise right till
              due payment made
19 A   - Member Participation
19 B   - Right of a member to get                                    information
20       - Vote of members
21       - Manner of exercising the vote
22       - Restrictions on holding shares
23       - Restrictions on transfer of shares or                interest
24       - Restriction on withdrawal of shares
25       - Transfer of interest on death of                        members
26       - Liabilities of past member or of
              estate of deceased member
                                 

Kerala Co operative Societies Act 1969 Sections 1 - 15

1. Short title extent and commencement
2. Definitions
3. Registrar
4. Society which may be registered
5. Registration with limited liability only
6. Application for registration of co-                    operative societies
7. Registrations
8. Registration certificate
9. Co operative societies to be body                      corporate
10. Change the name of society
11. Change liability
12. Amendment of bye law of a society
13. When amendment of bye laws came               into force
13 A. Subject matter of bye laws
14. Amalgamation, transfer of asset and               liabilities and division of societies
14 A. Promotion of subsidiary  institutions          for  economic welfare of members
14 B. Partnership of co operative society
15. Cancellation of registration certificate             of societies in certain cases

All India Rural Credit Survey Committee ( AIRCSC )

• All India Rural Credit Survey Committee      ( AIRCSC ) appointed by Reserve Bank of India 

• AIRCSC appointed in the year 1951

• AIRCSC  submitted the report in 1954

• AIRCSC report known as the Magna Carta of  indian co operative movement 

• AIRCSC is known as Integrated scheme of rural credit 

• Members of AIRCSC were AD Gorwala, DR Gadgil, B Venkittappaih and NSR Sasthri

• Chairman of AIRCSC was A D Gorwala

• Member secretary of AIRCSC was NSR Sasthri 

• " Co operation failed but it must succeed " is coined by All India Rural Credit Survey Committee 

• The main recommendations of AIRCSC were; 

                 1 . Sbi formation 

                 2 . Crop loan system 

                 3 . Linking of credit with

                      marketing 

                4 . State partnership fund 

                5 . National warehousing board

                6 . Large sized co operatives 

                7 . Audit is necessary to co operative

                     societies 

                8 . AIRCSC recommended to create 

                     3 funds under Govt of India, 

                     they are; 

           a . National Co operative Development

                Fund 

           b . National Warehousing fund 

           c .  National Agriculture and credit 

                 fund

               9 . AIRCSC recommended to create 

                 two fund  under RBI

           a. National Agriculture Credit Fund 

               for long term operation 

          b. National Agriculture Credit 

               Stabilization Fund

      

• National Co operative Development Fund now administrated by NCDC 

• National Agriculture Credit Fund for      long term operation was created in 1958 

• National Agriculture and Credit Fund for long term operation is maintained by NABARD 

• National Agriculture and Credit Fund for long term operation is maintained for long term loan to co operatives and also for purchasing debentures of State CARD Bank 

• At present National Agriculture Credit  Fund known as National Rural Credit Stabilization Fund

• National Rural Credit Stabilization Fund is maintained by NABARD for giving short term loan and medium term loan to co operatives.

                   

National Housing Bank ( NHB )

             National Housing Bank ( NHB )

• National Housing Bank is a Government of India enterprises 

• National Housing Bank is an apex financial institution for banking 

• NHB formed in 1988 July 9

• NHB set up on the basis of NHB Act 1987

• Headquarters of NHB is in New delhi 

• Housing finance related to 7th Five year plan 

• The Honorable Prime Minister of India, Rajiv Gandhi presenting the union budget on 28th February 1987 announced to establish National Housing Bank 

• National Housing Bank bill 91 of 1987 

• With the assent of the President of India R Venkataraman on 23rd December 1987 NHB ACT became the Act of Parliament 

• NHB start functioning from 9th July  1988

• Headquarters of NHB in New Delhi 

• Awas Bharati is the publication of NHB 

• " Promoting inclusive expansion with stability in housing finance market " is the vision of NHB 

• Rural Housing Interested Scheem related to NHB 

• NHB does not grant any loan directly to Individual 

• NHB is fully owned by Government of India 

                   

Inland Instruments

Inland instruments 

             A promissory note, Bill of  exchange, or Cheque drawn or made in India and made payable in or drawn upon any person resident in India shall be deemed to be an inland instrument

1. Promissory note

       Section 4 of Negotiable Instrument Act 1881  A promissory note is an instrument in writing  ( note being a bank note or a currency note ) containing an unconditional undertaking signed by the maker to pay a certain sum of money only to or to the order of certain person or to the bearer of the instrument 

2. Bill of Exchange 

          Section 5 of Negotiable Instrument Act 1881 a bill of exchange is an instrument in writing containing an unconditional order signed by the maker, directing a certain person to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument

3.  Cheque

           A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand

Negotiable Instruments Act 1881

• Negotiable Instrument Act 1881

• Negotiable Instrument Act enacted by the parliament on 9th December 1881

• The Negotiable Instrument Act Came into force on 1 March 1882

• Upto 1988 the Act have 137 sections

• The Main types of Negotiable Instruments are;

          1 Inland Instruments 

          2 Foreign Instruments 

          3 Bank

          4 Finance companies Draft


Important sections in NI Act
Section 4 - Promissory note
              5 - Bill of exchange

              6 - Cheque
              8 - Holder
              9 - Holder in due course
            10 - Payment in due course
            15 - Endorsement

National Federation of Fishermens Co operative Ltd ( FISHCOPFED )

• The National Federation of Fishermen's Co operative Limited known as FISHCOPFED

• In 1980 it is established as All India Federation of Fishermen Co operatives

• In 1982 it is renamed as National Federation  of  Fishermen's Co operative Limited 

• Headquarters of FISHCOPFED is Faridabad  in Haryana 

• The quarterly publications of Fishcopfed are Fishcops and Minaloka

• Fishcops in Hindi language and Minaloka in Odia language 

                           

National Co operative Housing Federation ( NCHF )

• National Co operative Housing Federation of India known as NCHF

• NCHF is the apex organization of co operative housing sector in India 

• NCHF founded in 1969

• Headquarters of NCHF at New Delhi

• The state level apex co operative housing federations ACHF are the members of NCHF

• The monthly publication of NCHF is NCHF Bulletin 

                                 

AMUL

• Anand Milk Union Limited popularly known as AMUL

• AMUL founded on 14 December 1946

• Founder of AMUL was Tribhuvandas Patel

• Headquarters of AMUL at Anand in Gujrat

• AMUL managed by Gujarat Co operative Milk Marketing Federation Limited ( GCMMF)

                                       

National Dairy Development Board ( NDDB )

• National Dairy Development Board known as NDDB 

• NDDB founded in 1965 

• NDDB Act passed in 1987

• Headquarters of NDDB at Anand in Gujarat

• NDDB founded by Dr Varghese Kurian and Amrita Patel

• First Chairman of NDDB 

• Lal Bahadur Shastri was The Prime Minister of India when NDDB founded

• NDDB working under the ministry of Agriculture

• NDDB have 4 subsidiarias

     1 IDMC Limited in Anand
     2 Mother Dairy in Delhi
     3 NDDB Dairy Services in Delhi
     4 Indian Immunological Ltd in Hydrabad

• Operation flood is project of NDDB 

• Operation flood programme was introduced on 1st July 1970

• Operation flood is the world largest agricultural dairy development programme

• Operation flood also known as White Revaluation 

• Father of White Revaluation Dr Varghese Kurien 

• I too had a dream is the autobiography of Dr Varghese Kurian

• Operation flood implemented in 3 stages

         > Phase 1     1970-80
         > Phase 2     1981-85
         > Phase 3     1985-96
                           

National Co operative Union of India ( NCUI )

• National Co operative Union of India called as NCUI

• NCUI is a national body responsible for Co operative education and training 

• NCUI established in the year 1929

• Headquarters of NCUI located at New delhi 

• Former name of NCUI was All India  Co operative  Institute Association

• NCUI registered under Multi unit  Co operative  Society Act 1942

• NCUI organized co operative week in India 

• The co operative week celebration in India started in the year 1954

• In India co operative week celebrate on November 14 - 20 every year

• The Co operator, is the monthly publication of NCUI

• Gorhan Committee report related with NCUI 

• Ultimate authority of NCUI is general body 

• General body period of NCUI is 3 Year

• Members of NCUI is 

          1 Govt of India
          2 Reserve Bank of India
          3 All state co operative unions
          4 State level and national level                           federations

• The president of NCUI shall be the chairman of NCCT

• Chief executive of NCUI shall be director of NCCT

                         

Logo of NCUI

NATIONAL COUNCILS FOR CO OPERATIVE TRAINING ( NCCT )

• National Council for Co operative Training known as NCCT

• NCCT recommended by Dr M S Swaminathan committee in 1973

• 'An Evergreen Revolution' is the book written by Dr M S Swaminathan

• NCCT established on 1 July 1976

• Headquarters of NCCT in New delhi 

• First chairman of NCCT is D G Karve

• NCCT have a Three tier structure 

• Vamnicom in the apex level

• Regional Institute of Co operative Managementin the middle level 

• ICM at the bottom level

• VAMNICOM  - Vaikunth Mehta National Institute of Co operative Management 

• Headquarters of VAMNICOM at Pune

• Co operative prospect is the publication of  VAMNICOM 

• NCCT have five Regional Institute of co operative management 

• Regional Institute of Co operative Management of NCCT are: Banglore, Chandigarh, Gandhinagar, Naida, Patna

• NCCT have 19 ICM

National Agricultural Co operative Marketing Federation of India Ltd( NAFED )

• National Agricultural Co operative Marketing Federation of India called  NAFED

• NAFED established on 2nd October 1958

• NAFED is the apex organization of marketing co operatives in India

• NAFED is registered under Multi state co operative Societies Act 1942

• Headquarters of NAFED in New delhi

• NAFED have 4 regional offices New delhi, Mumbai, Chennai, Kolkata

• NAFED have 28 zonal offices across India

• Nodel agency for implementing Price Supporting scheme of Govt is NAFED

• National Spot Exchange related with NAFED

• NAFED registered under multi state co operative societies Act of 1942

• The bio fertilizer plant of NAFED is situated at  Indore 

• NAFED has a foreign terminal in Dubai

• National Horticulture Research Development   Foundation ( NHRDF ) founded by NAFED in 1977
• Govt has no equity participation in the share capital of NAFED 

• Co operative tour is the publication of NAFED

Indian Farmers Fertilizer Co operative Limited ( IFFCO )

• Indian Farmers Fertilizer Co operative Limited known as IFFCO

• IFFCO is world largest fertilizer co operative federation 

• The largest urea producer in the world is IIFCO

• IFFCO founded on 3rd November 1967

• Headquarters of IFFCO is New delhi

• IFFCO registered under Multi Unit Co operative Societies Act

• IFFCO is a multi state co operative society

• KRIBCO is promoted by IFFCO

• Indian Farm Forestry Development Co operative Limited promoted by IIFCO       
• Kissan Seva Trust promoted by IIFCO    

• Farmers Service Centre established by IIFCO

• The first fertilizer plant of IIFCO is at Kalol in Gujarat

• The Kalol plant commissioned in the year 1975

• IFFCO has 5 plant in India

  1. Urea and amonia plant at Kalol in                    Gujarat

  2. Phosphatic fertilizer production unit at 

      Kandla in Gujarat

  3. Amonia and Urea plant at Phulpur at              Uttarpradesh

  4. Amonia and Urea plant at Aonla                      UttarPradesh 

  5. Worlds largest grassroots DAP plant at           Paradeep in Orissa

• Board of directors of IIFCO has 30 members

• CEO of IIFCO is Managing Director

                         

National Co operative Development Corporation (NCDC)

• NCDC means National Co operative Development Corporation

• NCDC is a statutory corporation

• NCDC implemented as per the recommendation of All India Rural Credit Survey Committee

• NCDC implement scheme for co operative development

• NCDC Act passed in the year 1962

• NCDC formed on 13 March 1963

• Headquarters of NCDC New delhi

• The chief executive of NCDC was Managing Director

• Managing Director of NCDC appointed by Government of India

• The supreme body of NCDC is General Council 

• NCDC general council include  51 members 

• Managing committee of NCDC has 12 members

• Executive body of NCDC is Managing Committee

• Managing committee of NCDC appointed by Government of India

• President of NCDC is the Union minister for Agriculture and Farmers Welfare

• Vice President of NCDC is the  secretary of ministry of Agriculture and Farmers Welfare

• NCDC has 18 regional state directories 

• Co operative spinning mills are governed and controlled under NCDC

• NCDC give financial assistance to state government and not to the co operative organizations directly 

• NCDC Act first amendmented in 1975

• Rural consumer schemes was introduced by NCDC 

• Rural Consumer Scheme also known as Lead Link Scheme

• Lead Link Scheme implemented in 1976

• National co operative development fund now administrated by NCDC

• Hantex gets assistance from NCDC for the construction  of godowns

• Integrated Co operative Development Programme (ICDP ) implemented by NCDC in 1985

• ICDP first implemented at Nadiya district in West Bengal

• ICDP is being implemented in the state with the financial support of NCDC

• Minimum Support Price ( MSP ) is scheme of NCDC

• NCDC set up it's own training center in 1985 

• Govt of India in February 2018 renamed it as LINAC

• LINAC - Luxmanrao Inamdar National Academy for Co operative research and development 

• The training institute under the control of NCDC is LINAC

• Headquarter of LINAC situvated at Gurugram Hariyana  

                     

CO OPERATIVE SOCIETIES ACT 1912

• The co operative societies Act came into force on 01-03-1912

• Main objectives of 1912 Act is, Non credit co operative  societies were formed

• This Act include 50 Sections

• As per 1912 Act, Minimum number of persons required to form co operative society was 10

• Societies were classified on the basis of liability, that is  limited and Unlimited 

• Member should hold shares more than Rupees 1000

• 25 Percentage of the profit transferred to Reserve fund

• 75 percentage of the profit distributed to members 

   

                               

National Co operative Consumer Federation ( NCCF )

• First consumer co operative society was set in Madras

• Triplicane urban co operative Society  was the first consumer co operative society in India 

• Consumer co operatives in India have a federal structure 

• The spokesman of consumer co operative movement in India is NCCF

• The National Co operative Consumer Federation of India Ltd ( NCCF ) is apex level consumer co operatives in India

• NCCF established in 16  October 1965

• NCCF start functioning from 1966

• NCCF established at the time of fourth five year plan

• NCCF is under the control of Ministry of consumer affairs

• NCCF started it's first departmental store in Delhi

• The first departmental store of NCCF in  Delhi ( Nehru palace ) 

• Price Supporting Scheme ( PSS ) is related with NCCF

                       

TYPES OF CO OPERATIVES IN INDIA

Types of Co operatives in India

1. Consumer Cooperatives
2. Producer Co operatives
3. Marketing Co operatives
4. Housing Co operatives
5. Credit Co operatives
6. Farming Co operatives  

FATHER OF CO OPERATIVE MOVEMENTS

India               -   Federic Nicholson

England          -   Robert Owen 

Germany        -  F W Reiffesen 

USA                 -  Hudson Kelly

France            -  Charles Fourier 

Denmark       -   H C Soune

Israel              -   Bon Edmound

Ireland           -   Horace Plunket

China              -   Sun Yat Sen

       

CO OPERATIVE MOVEMENT IN INDIA

• Co operative movement in India is a Government sponsored movement 

• Deccan Agricultural Relief Act 1879

• Land Improvement Loan Act 1883

• Agricultural Loan Act 1884

• Land Improvement Loan Act 1883 and Agricultural Loan Act 1884 together called Taccavi Loans

• During 1892 Madras Government appoint Federic Nicholson to Study the village bank in Europe 

• Father of co operative movement in India  Sir Federic Nicholson 

• Sir Federic Nicholson submitted the report in 1895

• The name of the report was" Find Reiffesen"

• The report suggested to establish co operative societies for rural credit 

• In 1901 Famine commission was established 

• In 1904 the co operative credit society  Act was passed 

• The Co operative Credit Societies Act passed on 25 March 1904

• First co operative law in India is Co operative Credit Society Act 1904

• Lord Curzon was the viceroy in 1904

 The main features of the Act 1904 were

1. The Act has 29 sections
2. Minimum number of person required to start a co operative societies were 10 person 
3. Societies were classified on Rural and Urban
4. Rural societies were to be organized on Reiffesen model 
5. Liability of the societies were Unlimited 
6. Loans provided for members, only for productive purpose
7. Urban societies were organized on Schulze Delitzsch Model 
8. Liability of urban socities were Limited 
9. Registrar was supported to be organized and control the society 
10. One man one vote was specified in this Act  
11. Non credit societies are not allowed to register as per this Act
12. No member could hold shares worth more than Rs 1000         

           

RESERVE BANK OF INDIA

• RBI Act passed in the year 1934

• Reserve Bank of  India established on 1 April 1935

• First headquarters of RBI in calcutta 

• In 1937 RBI headquarter was transferred to Mumbai 

• RBI nationalised in the year 1st January 1949

• RBI is the Central bank of India 

• Monitary policy of India controlled by RBI

• First Governor of RBI sir Osborne Smith 

• CD Deshmukh is the first Indian Governor of RBI

• 15th Governor of RBI  Dr Manmohan Singh

• 25th and Present Governor of RBI Sakti Kanta Das

• RBI is the custodian of foreign exchange reserve in india

• Service area approach was introduced by RBI

• Credit control is the function of RBI

• Regional Rural Banks get recommendation from RBI for opening branches

• RBI introduced 14 day intermediate treasury bills and 14 day treasury bills on 1997

• RBI introduced a bill rediscounting scheme in 1970

                                   

NABARD

• NABARD - National Bank for Agricultural and Rural Development Bank 

• NABARD is a Development Bank 

• For the request of Government of India RBI constitute a Committee to Review the Arrangement for Institutional Credit for Agriculture and Rural Development ( CRAFICARD) 

• CRAFICARD established on 30th March 1979 

• B Sivaraman was the chairman of CRAFICARD 

• The committee submitted the interim report on 28 November 1979 and recommended the formation of NABARD 

• The Parliament of India through Act 61 of 1981 approved the setting up of NABARD 

• NABARD was came into existence on 12 July 1982 

• Initial capital of NABARD is 100 crores 

• Headquarters of NABARD is Mumbai 

• First Chairman of NABARD was M Ramakrishnayya 

• Present Chairman of NABARD  is Dr Harsh Kumar Bhanwala 

• Sitting MP or MLA cannot became a member of  NABARD 

• NABARD set up a committee to study about junior level co operative training centre, the chairman of the committee was G P Bhave 

• The Swarozgar Credit Card System introduced by NABARD 

• NABCONS & NABFINS are the subsidiaries of NABARD 

• The training institute sponsored by NABARD is BIRD ( Bankers Institute for Rural Development  ) 

• NABARD is the custodian of National Rural Credit Stabilization Fund 

• Non overdue cover is a condition imposed by NABARD on the District co operative Bank 

• Central government contribution to Regional rural banks are made through NABARD 

• Grameeya is the half yearly publication of NABARD 

• National Livestock Mission introduced by NABARD 

• Dairy Infrastructure Development Fund related to NABARD 

• The kissan credit card Scheme was started by government of India in consultation with RBI and NABARD 

• NABARD regulate and supervise RRB's and Co operative Bank 

• NABARD introduced Kissan Credit Card in 1998 

• Kissan Credit Card recommended by RV Gupta Committee 

• Kissan Credit Card for production and consumption need 

• Self Help Group Bank Linkage Programme ( SHG BLP ) was introduced by NABARD 

CO OPERATIVE FLAG

• Co operative  flag known as Rainbow Flag  

• The Co operative flag designed by Charles Gide  

• Charles Gide was a French Economist  

• ICA designed the flag in 1921 

•  The co operative flag used in the first international co operative day celebration at London in 1923  

• The rainbow flag was instituted in 1923 on the occasion of the first International Co operative Day Celebration in the UK  

• ICA adopted its original rainbow flag in 1925  

• Co operative flag denote unity in diversity  

• Co operative flag have 7 colours  

• Red at the top  

• Violet  at the bottom 

• The ideal of colour  co operative flag are

1. Red            Dynamic and  fundamental                        change
2. Orange      Courage 
3. Yellow       Quality, Happiness 
4. Green        Youth, Growth and                                        Prosperity 
5. Blue            Justice 
6. Indigo        Harmony 
7. Violet         Felt need 

• Significance of colour of Flag

• Red         Humanity 

• Blue        Democracy 

• Yellow    Equity 

• In 2001 ICA adopted a new flag

• ICA adopted the new flag at the General Assembly Seoul

• The flag show ICA seven colour logo on a white background

• The logo depicts a quarter rainbow with a flock of stylized doves of peace scattering from the top and the letter ICA underneath

• The rainbow has only six stripes Red , Orange , Yellow , Green , Light blue , Dark blue 

• Red    -     Courage

• Orange     -     Vision of possibilities

• Yellow      -    The challenge that greed has  kindled   

• Green     -     Growth , a challenge that co operators to strive for growth of membership ando understanding of aim and value of co operation 

• Sky blue    -    Suggest for horizons , the  need to provide education and help to unfortunate people and to strive towards global unity 

• Dark blue   -  Suggest pessimism , reminding  us of less  fortunate people in the  world are in need of the benefits from co operation 

• Violet      -     The colour of warmth  ,  beauty and friendship

                               

INTERNATIONAL CO OPERATIVE ALLIANCE (ICA)

• ICA stands for International Co operative Alliance 
• ICA is a federation of co operative organisation in the world
• ICA established on 19th August 1895 in London UK
• The first Co operative day celebrated by ICA  in the year 1923
• The co operative day is celebrated on first saturday of every july
• In 1937 ICA undertakes its first review of the Co operative Principles
• In 1966 ICA undertakes its second review of co operative principles
• In 1995 ICA adopt revised co operative principles and value and add a seventh principle concern for community 
• In 2012 united nations celebrated as international year of co operatives
• The ICA represent 313 co operative federations and organisation in 109 countries 
• The first president of ICA Earl Gray
• The first secretary of ICA Edward Owen Greening
• At Present Ariel Guarco is President of ICA 
• Ariel Guarco belongs to Argentina 
• The first women president of ICA was Dame Pauline Green ( 2009 )
• The first headquarters of ICA was London  UK ( 1895 )
• In 1982 ICA moves its headquarters from london UK to Geneva Switzerland 
• In 2013 ICA shifted its headquarters from Geneva to Brussels in Belgium 

CO OPERATIVE MOVEMENT IN CANADA

• Co operative movement in canada started in the year 1870

• The credit union movement in canada means Salary earners

• Wheat is the most important corps in Canada

• The first association in canada known as Grain Growers Association 

• The Grain Growers Association founded in 1906

• The Grain Growers Association was registered in 1911

• In Canada, A wheat board for export  was set up by the government in 1919

• Wheat pool is a organization for the improvement of social and economic conditions of the farmers in Canada 

• The Canadians Wheat Board was set up by the government in 1935

• In western Canada credit unions have been organized by farmers on the basis of communities

• CHF is the Co operative Housing Federation in Canada

CO OPERATIVE MOVEMENT IN ITALY

Luzzati is a co operator in Italy 

The first co operative bank in Italy founded by Luzzati 

The first bank founded by Luzzatti at Milan in the year 1866

The main object of Luzzati's credit societies is to help the middle class people 

The liability of luzzati bank was Limited 

No fixed value of shares in Luzzati banks 

The Italian people's bank organized in the urban area is called Banaca Popularie

The value of share in a Luzzati Bank was between 5 Lira and 50 Lira

The members in a Luzzati bank should be honest and reliable 

The rate of interest allowed to deposits in Luzzati bank is very high

The area of operation of Luzzati bank is a whole district 

Casse Ruralie are the co operative banks  in Italy founded by Wollenburg were seen in rural areas

The fascist national organization of co operation of Italy known as Ente

Ente was a government organization

Labour societies were formed in Italy 

Labour societies in Italy were founded by Mazzini 

The object of labour societies is to provide employment to members 

The value of one share in labour society is 50 Lira

The most striking point of labour co operative movement in italy was Consortium 

Consortium are formed under a statute 

At least 5 societies can form a consortium 

Each member co operative society has to subscribe the share capital of consortium  of at least 25, 000 Lira

CO OPERATIVE MOVEMENT IN JAPAN

• Multipurpose co operative societies are the special contribution of Japan in the field of agricultural co operation

• Japan is famous for Fisheries Co operatives  

• On the basis of fisheries law a national level federation came into being in japan which is called Zengyoren 

• Unicoop was the agricultural fisheries co operatives in Japan

• Unicoop Japan  was set up in 1961

• The Japanese agricultural co operative system is based on Three tier Structure

• The first credit association in Japan known as KOH 

• KOH-TOKU-SHA is the modern credit association in Japan

• The leader of Hoh Toku Sha was Son Toku Ninomiya 

• In Japan consumer stores are established since 1879 

•  Co operative law of Japan established in 1900 

• The consumer co operative Act of Japan passed in 1938 

• Industrial co operatives had established in 1949

• Co operative legislation in Japan was Industrial Co Operative Law

• Zen-Noh is the national federation of agricultural co operation in Japan

• Zen Noh founded in1972

• Hotokusha is the mutual savings and credit society in Japan

CO OPERATIVE MOVEMENT IN AMERICA

• Hudson Kelly is considered as the originator of co operative movement in USA

• Hudson Kelly started a new co operative business in America called Granges

• The period following enactment of the law of 1865 in USA called as Grange movement 

• The Grange movement was started by Hudson Kelly

• The first co operative organization Bees had a purely rural background in USA

• In the field of livestock marketing co-operatives have been organized in USA

• Packing plants arrange for curing and slaughtering of meat and marketing of  the product of USA

• Packing plants are also called slaughter houses in USA

• In USA fruits and vegetables marketing  co operatives is the agency for the marketing of fruit and vegetables in the international market 

• Health Maintenance organization in USA is called HMOs

• The Federal Land Bank provides long-term loan to farmers in USA

• The intermediate credit bank provides short term rediscounting  facilities to the co operatives in USA

CO OPERATIVE MOVEMENT IN RUSSIA

• Consumer co operative movement with a pyramidal structure seen in Russia 

• In the pyramidal structure in Russia, the consumer store called SELPO is at the base level

• Territorial Unions at the middle level 

• Centrosoyus at the top level 

• The central union consumer store in Russia is called Centro Soyus

• Kolkhoz is the local name of co operative collective farms in Russia 

• Artel is the first form of co operative organizations in Russia

CO OPERATIVE MOVEMENT IN DENMARK

• Father of co operative movement in Denmark is H C Soune

• Denmark is the birth place of Dairy cooperative society 

• Denmark known as the Dairy farm of Europe 

• Co operation began in Denmark in the year 1882

• Denmark is the birth place of agricultural  co operatives

• In Denmark there is no co operative legislation 

• Voluntary co operative movement was started by producers and  consumers in  Denmark 

• The Royal Agricultural Society was founded in 1769 at Denmark 

• The first co operative store in Denmark established in 1866

• The dairy products of co operatives in Denmark were sold under the trade name LURBRAND 

• In Denmark sales was effected through a central society called as DAAG

• In Denmark, the workers undertake an insurance society it is called as ALKA

• The origin of Folk High School is from Denmark

• Founder of Folk High School is NFS Gruntwig

• Nordic Co operative Union is the joint purchasing organization for the consumer co operatives in Denmark 

• The Danish co operative wholesale society was FDB

CO OPERATIVE MOVEMENT IN GERMANY Part 2

Herman Schulze

• Herman Schulze born in 1808

• Founder of urban co operative bank Herman Schulze

• Schulze bank are also called Popular Bank

• Founder of shoe makers co operative society in Germany Herman Schulze

• The book Principles of Banking written by Herman Schulze

• Paid management was the characteristics of Schulze societies 

• Dr Ben Hardi was the companion of Schulze in organizing friendly societies 

• Liability of schulze bank - Limited liability

• Schulze founded the first credit association in 1850

• Herman Schulze started the first loan society in 1850 at Delitzch

• The rate of dividend was high in schulze type of societies 

• In the Schulze bank the personal contact between the members was not possible 

• The reserve fund of Schulze bank is maintained by transferring 15% - 20% of their annual profit 

• The interest for loans granted in lumpsum varied from 5%-6% in schulze bank

• The dividend rate paid by schulze bank was 10%

• The schulze bank was organized on a democratic basis 

• There was very close supervision for the use of loan in schulze bank

CO OPERATIVE MOVEMENT IN GERMANY Part 1

• The birth place of  Co operative credit movement in the world - Germany

• The birth place of co - operative land mortgage bank - Germany 

• The birth place of co - operative Urban bank - Germany

• NEUHEIMAT is a group of persons joined together on no profit basis for acquisition of houses in Germany 

• The first consumer co operative society in Germany was ERMUNTERUNG

• Co operative insurance in Germany known as ALTE-VOLKSFURSORAGE

• Workers association in Germany known as HOMESTEADS

• DESWOS is the association for social housing in Germany 

• Investment banks are first originated in - Germany              

• The Prussian central co operative bank in Germany established by was Dr Hass           

                  F W Reiffesen

• F W Reiffesen is the father of co operative movement in Gemany

• F W Reiffesen Born at ham in Germany

• F W Reiffesen Born on 30th March 1818

• FW Reiffesen known as apostle of co-operation

• The motto of All for Each and Each for All was first used by F W Reiffesen

• Poor people committee organized by Reiffesen 

• Reiffesen organised credit society with unlimited liability in rural area 

• Reiffesen union was started in the year 1877 

• F W Reiffesen started his first Credit Society at An Houssen

• Village society  was the first society started by Reiffesen 

• F W Reiffesen started village society in the year 1862

• Heddesdorf loan society was considered as the first co operative of Reiffesen tradition

• Reiffesen founded the Heddesdorf society in1864

• In Reiffesen type societies the value of share is very low

• Major portion of the profit was transferred to Reserve fund in Reiffesen societies 

• Reiffesen gave more importants to moral and material well being of members. 

• The object of a Reiffesen bank was economic emancipation of farmers 

• The area of operation of the Reiffesen bank was limited 

• The membership of Reiffesen bank was limited 

• Deposits accepted from members and non members in Reiffesen Societies 

• Interest paid by Reiffesen bank was 4% - 5%

• The only paid servant in Reiffesen  society was the Accountant

CO OPERATIVE MOVEMENT IN ENGLAND Part 3

• Father of Co operative education - Dr William King

• Dr William King known as - christian socialist

• The christian socialist were responsible for passing of Industrial Provident Societies Act in 1852

• Dr William King born in - 1786

• The first co-operative journal in the world The Co operator 

• The Co operator Written by - Dr William King

• The Co operator published in the year - 1828

CO OPERATIVE MOVEMENT IN ENGLAND Part 2

• First successful co operative society in the world - Rochdale equitable pioneer society

• Rochdale equitable pioneer society also known as - Toad Line 2 Stores

• Roachdale Equitable Pioneer Society started on - 21st December 1844

• Rochdale pioneers entered into wholesale trade in the year 1855

• Formation of co operative principles was the main reason for the success of Rochdale Pioneers

• The women member in Rochdale Equitable Pioneer Society is - Eliza Brierley

• First president of Rochdale Equitable Pioneer Society - CHARLES HOWRAH

• First secretary of Rochdale Equitable Pioneer Society - JAMES DALY

• At first 28 Members joined together to form Rochdale Equitable Pioneer Society

• The working capital of Rochdale Equitable pioneer Society - 28 Pounds

• The members in Rochdale pioneers were engaged in flannel weaving 

• The book Weavers of dream written by - David J Thomson

• The book The History of Rochdale Pioneers written by - George Jacob Holyoke

• The book A century of co operation in Rochdale  written by - Henry Brown

CO OPERATIVE MOVEMENT IN ENGLAND Part 1

Co operative Movement England

• Co operative party is a venture in England 

• Father of co operative movement in the world - Robert Owen

• Father of co operative movement  in England -Robert Owen

• Father of British Socialism - Robert Owen

• Robert Owen born on - 14th May 1771

• The word Co operative Society first used by Robert Owen in his book the Economist

• The book, The Economist published in - 1821

• The book new view of society written by - Robert Owen

• The Village co operative was founded by - Robert Owen 

• The book " Principles of Environment " written by Robert Owen

• Doctrine of Circumstances is the idea of  - Robert Owen

• Labour exchange, Labour colonies, Labour note are the idea of - Robert Owen

• New Harmony is the co operative colony started by Robert Owen in USA

• Robert Owen is known as -Utopian Socialist

• No competition, No money, No profit is a statement made by - Robert Owen 

• Co operative wholesale stores started in England in 1863

• " Owen did not invent co operation but he was the inspiration for the co operative Movement " said by CR Fay