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The cooperative movement in India plays a crucial role in the agricultural sector, banking and housing. The history of cooperatives in India is more than a hundred years old. Cooperatives developed very rapidly after Indian independence. According to an estimate, more than half a million cooperative societies are active in the country.
The National Cooperative Union of India (NCUI), is an umbrella organisation representing the cooperative movement in India. It was established in 1929 at Madras, now Chennai, as the All India Cooperative Institutes Association and its first president was Lallubhai Samaldas. In 1951 it was reorganised as the Indian Cooperative Union (ICU) by the ...
The British cooperative movement formed the Co-operative Party in the early 20th century to represent members of consumers' cooperatives in Parliament, which was the first of its kind. The Co-operative Party now has a permanent electoral pact with the Labour Party meaning someone cannot be a member if they support a party other than Labour.
Vaikunthbhai Lallubhai Mehta (26 October 1891 – 27 October 1964) was a pioneer leader of Indian Cooperative Movement. Vaikunthbhai was born at Bhavnagar in Bombay Presidency. Vaikunthbhai served the Bombay State Cooperative Bank, now Maharashtra State Cooperative Bank as Chief Executive for an uninterrupted period of about 35 years.
In the late 1960s the Co-op movement entered a new phase with Food cooperatives and Food Conspiracies as an alternative to corporate agriculture that linked organic farmers to urban consumers. The co-operative model has a long history in the U.S., including a factory in the 1790s, the Knights of Labor, and the Grange. [17]
He is regarding as the Father of the Indian cooperative movement, which was carried forward by his eldest son, Vaikunth Mehta. Lallubhai was also the pioneer of life insurance, cement and sugar industries. He was made CIE in 1914 and knighted in 1926 by King George V at the Buckingham Palace in London. [2]
The National Cooperative Development Corporation (NCDC) is a statutory Corporation set up under an Act of Indian Parliament on 14 March 1963. The objectives of NCDC are planning and promoting programmes for production, processing, marketing, storage, export and import of agricultural produce, foodstuffs, industrial goods, livestock and certain other notified commodities and services on ...
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