Aayushi BansalAIR 7 · CSE 2024 · 168 wordsTheir whole copy
Opening · a definition
Cooperative model of development implies creation of cooperatives → voluntary organisations, pooling resources of members for achieving benefits to all.
Significance of cooperative model of development → rural growth
Body · points
(1) Enhanced bargaining power for marginalised (eg Amul model in Anand, gujarat) (2) Quality inputs at low cost (eg IFFCO for fertilisers) (3) Social capital; democratic rights to all members → voice to vulnerable (4) Higher returns, market access, economies of scale → higher profit
(5) Rural industrialisation due to ancillary industries (eg cold chain, food processing etc)
Challenges of cooperative model
(1) Autonomy (lack) → Operational → appointment removal etc of Board. → financial → lack access to capital markets
(2) Disparity → Maharashtra, Gujarat successful over Eastern & North East.
(3) Competition from companies.
(4) Political interference, indebted, lack professionalism (irregular elections).
Close · a way forward
Govt has created new Ministry of Cooperation, 97th Constitutional Amendment Act, Election Authority for multi state cooperative societies. Further, autonomy, access to secondary capital markets, expansion in North East is required for 'Sahkar se samriddhi'