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Co-operatives play a vital and predominant role in catering the credit needs of small and marginal farm and poor living in rural areas. Co-operatives were introduced in 1904 in India with the enactment of Co-operative Credit Societies Act. The main objective of co-operatives is to help the most distressed class of rural people who were exploited by the rural elite for several years. The Co-operative Act of 1912 was passed to improve their co-operative movement which provided for federal co-operatives in India. Ever since, the credit through co-operatives is significant in the country. As a significant part of the multi-agency approach to credit delivery in India, co-operatives, both the short-term and long-term structure hold an important position, especially in the rural credit scenario and have played a pivotal role in the development of rural credit over the years. The geographical spread of the entire co-operative credit system covers over 74 per cent of rural credit outlets
About the author
The Author was born im Chittoor District in A.P.Had his Graduation,Post Graduations in Commerce and Business Management, Master of Philosophy and Doctorate in Sri Venkateswara University, Tirupathi,. He worked different positions in the Dept of Rural Development and presently working as Asst.Professor in Govt Degree College,Sthyavedu,Chittoor(dt).
