ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Maharashtra SupplementSubscribe to Maharashtra Supplement

MSFC as a Development Catalyst

S P Upasani, IAS THE Maharashtra State Financial Corpora tion (MSFC) was formed after the re-organisation of states in 1962 and extended its operations to Union Territory of Goa, Daman and Diu in 1964. MSFC works for the cause of industrial development in the state by catering to the term loan requirements of small and medium scale industries for acquiring fixed assets like land, building, plant and machinery, etc. The Corporation extends financial assistance to industrial units by granting loans upto Rs 30 lakh to limited companies or registered co-operative societies and Rs 15 lakh to proprietary and partnership concerns. The bill raising this ceiling of financial assistance to Rs 60 lakh alongwith provision for several significant changes for SFCs working was recently passed by the Lok Sabha. These modifications are soon to widen the scope of the working of the Corporation.

Growth and Structures of Industries in Maharashtra

Growth and Structures of Industries in Maharashtra Dr S B Sakhalkar Executive Director, Maharashtra Economic Development Council, Bombay MAHARASHTRA carved for itself a distinguished and prominent place on the economic and industrial map of India. Even though Maharashtra accounts for only 9.5 per cent of the national population it contributes 13.1 per cent to the national income. The per capita state income in Maharashtra was Rs 2,525 last year i e, 1982-83, whereas the per capita national income was Rs 1,891. Maharashtra leads all other states in financial and commercial activities and Bombay, the capital of Maharashtra, is truly regarded as the financial capital of India. Even though the state has only 9.7 per cent of the scheduled commercial bank offices in the country, it accounts for 17.8 per cent of deposits and 21.1 per cent of advances.

Co-operative Movement in Maharashtra-Retrospect and Prospect

Retrospect and Prospect G S Kamat MAHARASHTRA carved out for itself a niche in the Indian co-operative movement over the years. Historically, the birth of cooperatives, particularly in the agricultural sector, was on account of the Deccan Riots of 1875 which brought to the surface the farmer's grievances against the exploitative moneylending groups, The Deccan Riots Commission recommended solutions in two directions: (i) putting a check on the activities of the moneylender, and (ii) instituting an agency that would compete with him in the supply of credit. The Deccan Agriculturist's Relief Act was passed in 1879 by the Government of India. But the setting up of co-operative credit societies was delayed till 1904 when the first Co-operative Societies Act was passed for the country. Table I gives the overall position of cooperative societies in the state since its formation in 1960. It will be seen from Table 1 that there has been a steady growth of the co-operative movement in diversified directions. The predominance of credit cooperatives is clearly seen. All the villages have been covered by a network of 18,521 primary credit societies. Their number will show a gradual decrease due to increase in the size of primary societies under the scheme of amalgamation approved at the national level.

Monopoly Cotton Procurement Scheme

in Maharashtra MAHARASHTRA is a major cotton growing state in the country with more than 10 lakh cotton growers. The area under cotton in Maharashtra is about 26 to 27 lakh hectares while the production of cotton is about 16 to 18 lakh bales. This forms 30 per cent of the area under cotton and 20 per cent of the production of cotton in the country. 95 per cent of the area under this crop is rain- fed and as such its yield in the state is lower than that in other states. Further, rain fed cotton is subject to the vagaries of monsoon, hence production of cotton in the state fluctuates from year to year.
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