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Co-operative Societies Boost Livelihood Of Indian Farmers

By Author: adarshcredit
Total Articles: 17

Co-operative societies are a very old concept which is active in almost all the parts of the world. More specifically, a co-operative society is a business organisation which is owned by the people using their services and which is mostly mutually controlled equally by all its members.

These co-operative societies are democratic and voluntary that they recognise some best significant values such as educational, moral and community values. Co-operative societies in India are formed to secure market products, low cost credit, purchase supplies and to secure different services such as insurance, irrigation, finance, electric power and more.

The functionality of co-operative societies is easy to understand. They perform multiple functions which can be summarised in brief as under:

- Providing goods and various services
- Preventing exploitation of the society’s weaker members
- Eliminating the unnecessary middle profits of middlemen in commerce and trade
- Protecting people’s rights as producers and consumers

Furthermore, a co-operative society is an autonomous organisation of people who are happily associated to accomplish their basic requirements and aspirations through a co-operatively owned and democratically controlled organisation. Co-operative societies are active in almost all the countries worldwide and in all the sectors including healthcare, agriculture, credit, finance, marketing, food, etc.

You might be aware of the fact that across the world, there are a number of countries in which agriculture has always been the main source of economic growth. These co-operative societies in India help farmers to solve their financial problems and other difficulties. These organisations work on various principles from which one is – to work for the sustainable development of the community. There are some names of co-operative societies that shine in various sectors - KRIBHCO and IFFCO in the fertiliser sector, some SHGs (Self Help Groups) developed by different organisations have immensely profited their farmer members to enhance their overall income by supporting them in multiple manners.

Suitable Farming Systems (SFS) produce sustainable income and year-round employment through fruits, vegetables, crops and livestock. Some co-operatives like Indian Farm Forestry Development Co-operative Ltd. (IFFDC) take an initiative to go in for Agro Forestry combining different tree plantation such as forest trees, fruit trees and fuel trees in order to improve the overall climate on the wastelands.

Ultimately, this has helped rural ecological resilience and livelihood enhancement among the farmer community. They have been immensely benefitted to increase their efficiency of overall crop productivity and thereby, helped them gain a good profit. Isn’t it a great help to Indian farmers?

Being one of the most renowned and reputed co-operative societies in India, Adarsh Co-Operative Credit Society Ltd. facilitates the best financial products and services to their members. Among all the co-operative societies in India, Adarsh is the most techno-savvy and the most-preferred one.

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