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Future of Cooperatives in India
The cooperative movement in India was started by far-sighted colonial offi cials and later became an instrument of the development state in the post-Independence era, never really becoming a popular movement driven by its members. As the cooperatives have become central to government policy on rural credit, they have come to be entrenched power centres for doling out patronage, financial help and political support. This article proposes some measures for their successful reform.
This is an expanded version of a lecture given at an international conference on the future of cooperatives in India organised by the College of Agricultural Banking of the Reserve Bank of India in Pune in December 2012. I am grateful to M S Sriram for his comments and suggestions in preparing this lecture.
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