1. Presentation on:
“Industrial Co-operative
Societies”

2. INTRODUCTION
• In 1904 the British Government passed the Co-operative Credit
Societies Act
• The objective of this Act-
1. To encourage thrift, self-help and co-operation amongst persons
of limited means and increase their productive capacity and
financial resources
2. To grant advances if needed by member workers against the
securities of raw materials and finished products.
• Funds for industrial co-operative societies are available from co-
operative banks and private entrepreneurs.
• Government provides subsidies, grants-in-aid and loans for the
purchase of machinery, equipment, raw materials etc.

3. DEFINITION
• An industrial cooperative is an association of workers &
craftsmen involved in cottage or village industries, who
come to gather to undertake collective
production, processing & marketing of goods
manufactured by the members & provide them with
the necessary services & assistance
• It can be defined as ‘A cooperative organized by
workers, controlled by worker & managed by workers
for meeting their common purpose’.
• Thus, the prime objective of an industrial co-operative
is to benefit the workers socially and economically.

4. AIMS AND OBJECTIVES
• To develop self-reliance, co-operation and self-respect
among the members.
• To purchase and supply raw materials, tools and
equipments needed by workers.
• To obtain contacts from the govt. and other organizations.
• To purchase machinery and other equipments required by
members and to hire them to the members for quality
production.
• To construct take-on rent godowns for finished products
and raw materials.
• To undertake all such activities needed for the welfare and
well-being of the member and the society.

5. ROLES
• Requisite facilities by the government.
• Pooling of capital and skill.
• Welfare of workers
• Development and upliftment of workers.
• Providing source of livelihood.
• Socio-economic development of members.

6. ORGANIZATION SUPPORTING IT
• National Federation of Industrial Co-
operatives.
• National Federation of Specific type of
Industrial Co-operatives.
• State Level Federations.
• Central and Primary Industrial Co-operatives.
• Co-operative Industrial Estates.

7. TYPES OF INDUSTRIAL CO-OPERATIVES
• Industrial Production Society.
• Industrial service cooperative society
• Common facility workshop society
• Workers co-operatives
• Community co-operatives
• Secondary co-operatives
• Credit unions
• Workshop Co-operatives

8. BENEFITS OF INDUSTRIAL
CO-OPERATIVES
• Employment Opportunities
• Training and Knowledge
• Marketing of Goods
• Higher Standard of Living
• Availability of necessary raw material and
equipment sat Nominal rates.

9. PROBLEMS OF INDUSTRIAL
CO-OPERATIVES
• Problem of Finance
• Problem of Human Resource
• Problem of Production
• Problem of Marketing
• Lack of Member Education
• Lack of support from Higher Institution
• Lack of loyalty of Members
• Lack of proper Planning

10. KINDS OF INDUSTRIAL CO-OPERATIVE
• Handloom co-operatives
• Handicrafts
• Oil crushing
• Leather tanning
• Shoe making
• Carpentry and black smithy
• Ban and rope making
• Rice husking and floor milling
• Sericulture
• Pottery

11. INSTITUTIONAL SUPPORT FOR
CO-OPERATIVES
• National Cooperative Development Corporation
(NCDC)
• Khadi And Village Industries Commission(KVIC)
• National Federation Of Industrial Co-operative
(NFIC)
• National Bank for Agricultural And Rural
Development (NABARD)

12. CONCLUSION
• The cooperatives had been formed by the
masses.
• Industrial cooperatives offer an opportunity.
• Small scale industries are have a huge
potential.
• Government has taken steps to form
institutions that give financial support.

13. THANK YOU