GENERAL ECONOMIC SURVEY

CO-OPERATIVE MOVEMENT

In the Jalgaon district the beginning of co-operative movement was marked by the registration of a first co-operative society at Bodvad in 1906. Since then the movement spread in every corner of the district. The Acts of 1912 and 1928 led further to the organisation of different types of societies. Thus, in 1958 there were as many as 1,135 societies of different types. Of them 857 are credit institutions, 260 non-credit institutions and 18 are federal institutions. Primary agricultural societies alone number 525. Recently there is a switch-over to the policy of organisation of large sized multipurpose societies. "Pilot Scheme" is also introduced. The aim is to organize large-sized multipurpose societies instead of small and uneconomic agricultural credit societies. The introduction of the scheme has greatly encouraged the rapid development of credit on the one hand and marketing on the other. The Government also grants financial assistance to the societies. For example, in 1957-58 the multipurpose societies received Rs. 30,000 as loan, and Rs. 10,000 as subsidy for godowns, Rs. 16,000 as share contribution and Rs. 6,600 for secretarial cost.

Following table gives the financial position of these societies: —

TABLE NO. 1

TABLE NO. 1-contd.

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