Question
Discuss the Evolution, Role and Functions of Cooperative Legislation in India
Answer :
Word Count : 589
Cooperative legislation in India has evolved through a long historical process shaped by social needs, economic conditions and administrative reforms. The origin of cooperative law in India can be traced to the early twentieth century when rural indebtedness and exploitation of farmers created an urgent need for institutional credit. The first formal step was the enactment of the Cooperative Credit Societies Act, 1904 by the British Government. This Act provided a legal basis for formation of primary credit societies and marked the beginning of the cooperative movement in the country. However, the scope of the 1904 Act was __________ _______ _______ _____ _______ __________ _____ ______ __________.
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Cooperative legislation in India has evolved through a long historical process shaped by social needs, economic conditions and administrative reforms. The origin of cooperative law in India can be traced to the early twentieth century when rural indebtedness and exploitation of farmers created an urgent need for institutional credit. The first formal step was the enactment of the Cooperative Credit Societies Act, 1904 by the British Government. This Act provided a legal basis for formation of primary credit societies and marked the beginning of the cooperative movement in the country. However, the scope of the 1904 Act was __________ _______ _______ _____ _______ __________ _____ ______ __________.
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