TNPSC Thervupettagam

71st All India Cooperative Week 2024 – November 14/20

November 17 , 2024 5 days 116 0
  • A cooperative society is an organization owned and run by the people and for the people using its goods and services.
  • All India Cooperative Week was first observed in 1953 in India.
  • The theme this year is “Role of Cooperatives in Building Viksit Bharat”.
  • The first credit cooperative society was formed in Banking in the year 1903 with the support of the Government of Bengal.
  • Cooperative Credit Societies Act of India was enacted on 25th March 1904.
  • Cooperation became a state subject in 1919.
  • Land Mortgage Cooperative Banks were established in 1938 to provide the loans initially for debt relief and land improvement.
  • Amul was founded in 1946 as Kaira District Cooperative Milk Producers Union Limited (KDCMPUL) in Anand village.
  • Currently, India has become the largest cooperative movement in the world.

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