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