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All India Cooperative Week 2024: Role of Cooperatives in Building Viksit Bharat

All India Cooperative Week 2024: Role of Cooperatives in Building Viksit Bharat
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All India Cooperative Week 2024: Role of Cooperatives in Building Viksit Bharat

AspectDetails
Event71st All India Cooperative Week
Dates14th to 20th November 2024
Theme"Role of Cooperatives in Building Viksit Bharat"
Organized byNational Cooperative Union of India (NCUI)
Historical ContextCelebrated annually since 1953
SignificanceRecognizes contributions of cooperatives to economic and social development, especially in rural areas
India's Cooperative MovementLargest cooperative movement globally
Evolution of Cooperatives in India- 1903: First credit cooperative society established
- 1904: Cooperative Credit Societies Act passed
- 1919: Cooperation became a state subject
- 1962: Registrar of Cooperative Societies became custodian of cooperatives
Role in Rural DevelopmentInstrumental in agriculture, dairy, fisheries, textiles, housing, and rural credit
Key Areas of Impact- Agricultural Cooperatives: 36% of total agricultural credit, 40% sugarcane procurement, 45% sugar production
- Dairy Sector: Largest milk producer globally, exceeding 220 million metric tonnes annually
Key Success Stories- IFFCO: World's largest fertilizer cooperative, reaching 5.5 crore farmers
- AMUL: India's largest dairy cooperative, ₹38,542 crore annual turnover
- SOFA: Promotes organic farming, empowers tribal farmers
- Kerala Dinesh Beedi Workers' Cooperative: Improved wages and working conditions for workers
- KMF: Supports 2.25 million milk producers in Karnataka
Future of Cooperatives- Technological integration and modernization
- Continued financial support from NABARD and RBI
- Educating rural populations about cooperative models
Contribution to India's GrowthSignificant role in rural economic development, improving livelihoods, financial inclusion, and rural industries

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