The co-operative movement, which was going on in India before independence, has taken a huge form today and is playing an important role in the development of the country. Due to this, the countrymen have not only become financially prosperous, but the problem of unemployment has also reduced to a great extent.

According to an estimate, at present there are more than 5 lakh cooperative societies active in the country, in which crores of people are getting employment. These societies are working in many fields but their participation is more in the field of agriculture, fertilizer and milk production. Now even in the field of banking, the number of co-operative societies is continuously increasing.

Individuals organized to meet the economic need, who run business and provide economic service to the society and provide economic benefits to all the members of the organization, are called cooperative or cooperative society. The capital invested in this type of business is collected by all the members of the organization in the form of economic contribution. The person having economic share in the capital is a member of that co-operative society.

Main reasons for mentioning cooperative for new thinking, new strategy-

1. A co-operative union is an association of persons formed for common interests.
2. Membership of a co-operative organization is voluntary. Any person can become its member whenever he wants and can terminate the membership by giving prior notice.
3. Its management is done on the basis of democratic principles.
4. Cooperative organization is not a religious and charitable organization but an economic organization.
5. Cooperative organization gives more importance to service than profit.
6. It is a social and economic movement based on moral upliftment, honesty and self-help.
7. It is based on the principle of ‘self-help by mutual-help’.
8. It has the qualities of both capitalism and communism.
9. This movement strives for the all-round development of the individual as well as the community.
10. The cooperative movement is based on the federal system. In this, various units together form a union and run their activities.     

 One of the main objectives of the subject described for new thinking, new strategy, is to strengthen the rural economy of the country, While cooperatives have already registered their presence in the economy of rural India. A new course will be made available for economic development in the field of cooperative through the subject mentioned for new thinking, new strategy.

Today every organization, whether it is related to government sector or private sector, is ready to expand new technologies. Like banking industry, insurance industry, transport industry etc. While the speed of expansion of new technologies in the cooperative sector is more slow. In such a situation, it will be a positive step to adopt an additional latest working method in the cooperative sector of India through new thinking, new strategy.

Statutory Note

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