UPMSP Co-operative Studies flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Co-operative Identity Statement

ICA's 1995 Manchester declaration defining a co-operative's definition, values and seven principles; it is the reference standard for co-operative identity worldwide.

Democratic Member Control

Second ICA principle: one member one vote at general meetings, with elected boards accountable to members regardless of shareholding.

Patronage Dividend

Surplus distributed to members in proportion to their transactions with the society, not in proportion to shares held.

Rochdale Pioneers

28 flannel weavers who founded the Rochdale Society of Equitable Pioneers in 1844, establishing the principles that shaped modern consumer co-operation.

Raiffeisen Credit Model

German rural credit model of the 1860s based on small, locally bonded village credit societies with unlimited liability, serving farmers.

Co-operative Credit Societies Act 1904

India's first co-operative law, creating primary credit societies and central societies; it is the formal start of the Indian co-operative movement.

Operation Flood

India's dairy development programme launched in 1970, building the Anand-pattern three-tier dairy co-operative network and linking rural producers to urban markets.

Article 43B

Directive Principle inserted by the 97th Amendment, directing the State to promote voluntary formation, autonomous functioning, democratic control and professional management of co-operatives.

Part IXB

Constitutional provisions (Articles 243ZH-243ZT) added by the 97th Amendment, governing board size, elections, reservation and audit of co-operative societies.

Multi-State Co-operative Society

A society with members in more than one state, registered under the Multi-State Co-operative Societies Act, 2002, with the Central Registrar.

Registrar of Co-operative Societies

Statutory state authority that registers societies, approves bye-laws, orders audits and inquiries, and can supersede a board or wind up a society.

General Body

Supreme authority of a co-operative, comprising all members; it elects the board, approves accounts and surplus distribution, and amends bye-laws.

Board of Directors

Elected governing body of a co-operative responsible for policy, appointing the chief executive, and accountability to the General Body.

Supersession of Board

Statutory action by the Registrar removing an elected board for specified failures and appointing an administrator until fresh elections are held.

Statutory Reserve Fund

Compulsory reserve created by transferring a prescribed share of net profit (often 25% or more) under state law; it is not distributable to members.

Co-operative Education Fund

Statutory contribution from net profit, paid into a fund used to finance member and office-bearer education and training.

Audit Classification

Grading of a co-operative's audit as A, B, C or D based on financial soundness, compliance and recovery performance, affecting refinance and reputation.

Primary Agricultural Credit Society

Village-level short-term credit co-operative that lends to farmer members for crop production and inputs, funded by deposits, share capital and central bank borrowings.

Short-Term Credit Structure

Three-tier co-operative credit system: PACS at village level, Central Co-operative Bank at district level and State Co-operative Bank at state apex.

Long-Term Credit Structure

Co-operative system for term loans: Primary Co-operative Agriculture and Rural Development Banks at base and SCARDB at state apex.

DCB Analysis

Demand, collection and balance statement used to assess recovery performance; overdue ratio is computed from demand and collection figures.

NAFED

National Agricultural Co-operative Marketing Federation of India, the apex marketing federation that also undertakes procurement and price support operations.

NCCF

National Co-operative Consumers' Federation, the apex body for consumer co-operatives in India, supporting wholesale stores and primary consumer societies.

Marketing Co-operative

Society that pools, grades, processes and sells members' produce, returning surplus as patronage dividend based on member transactions.

Anand Pattern

Three-tier dairy co-operative model: village Dairy Co-operative Society, district milk union and state milk federation, with Amul as the classic example.

Dairy Co-operative Society

Village-level society that collects milk from members, tests fat and SNF, pays on quality basis, and supplies feed and veterinary services.

Sugar Co-operative

Factory-level co-operative owned by cane growers, which pays cane price plus a share of profits to member suppliers.

NCUI

National Co-operative Union of India, the apex body for co-operative education, training and promotion, working through State Co-operative Unions.

VAMNICOM

Vaikunth Mehta National Institute of Co-operative Management, Pune, the apex management training institute for the Indian co-operative sector.

Training Needs Analysis

Systematic identification of gaps between required and current knowledge or skills, used to design member, board and employee training programmes.

NCDC

National Co-operative Development Corporation, established 1963, providing financial and promotional assistance for co-operative processing, storage and marketing.

NABARD

National Bank for Agriculture and Rural Development, the apex development bank that refinances co-operative banks and supports rural co-operative development.