Achievements of the Co-operative Movement in India:
The main achievements of the Cooperative Movement in India are as below:
1. Co-operation: It has encouraged a feeling of co-operation among rural people towards economic progress.
2. The decrease in the influence of sahukars: The contribution of chukars to rural credit has come down to about 16 per cent from earlier 70 per cent contribution.
3. The decline of conservative attitude: The co-operative movement has significantly modified the conservative attitude of rural people to a give-up the ancient custom of death-feast, etc.
4. Cheap credits: The interest charged by the co-operatives is much less than that charged by sahukars and so rural people now avail the facility of cheap credits.
5. Amount of loans: The amount of loans given to rural industries and agriculture has increased substantially and since it is quite cheap, these people have been appreciably benefitted.
6. Reduction of debts on farmers: Because of credit co-operatives, the debts on farmers are regularly reducing.
7. New methods of agriculture: The credit co-operatives have guided the farmers to learn to adopt new and improved methods, and for purchasing various equipment, cheap credits have been made available by these co-operatives.
8. New hope for development: Because of the co-operative movement, a new hope of economic development has encouraged rural people for doing hard work.
9. The habit of thrift: Since the facilities of deposits have reached their doorsteps, the habit of thrift has been inculcated amongst the rural people.
10. Storage and marketing: Co-operative societies now help in arranging facilities of storage and marketing to farmers. A farmer can now sell his produce through co-operative society.
11. Economic improvements: Non-credit societies like Housing Cooperatives, Consumer Co-operatives, etc., have helped in achieving economic improvements among rural and urban people.
