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ASSISTANCE TO INDUSTRIAL COOPERATIVE SOCIETIES IN KERALA
ASSISTANCE TO INDUSTRIAL COOPERATIVE SOCIETIES IN KERALA
Updated on Feb. 1, 2022, 1:36 p.m.
Kerala saw the rise of the cooperative movement in the year 1940. This is due to the increased importance given to the agricultural segment in Kerala state. Let us understand the concept of Industrial cooperative societies.
Industrial cooperative society is the society consisting of a group of workers working in the field of village and cottage industries, gathering vital information in the field of processing, producing and marketing of goods in Kerala. They provide them with relevant services and assistance to promote the products.
If you look closely, the British Government has passed the Co-operative Credit Societies Act in 1904 to protect the interest of the labourers and promote their welfare. The British East India Company took advantage of the weakness and utilised all its resources. Cooperative societies in Kerala are the major tool in undertaking the social-economic development of the state and fulfilling the desires.
Various attempts were made by the planning commission (Niti Aayog) to make the cooperative societies a self-reliant one by enhancing the effective resources by marshalling the savings in rural and urban areas. This leads to effective coordination between various organisations, enhancing the links between the supplies of inputs, processing, distribution and marketing of goods and developing weaker sections of the society in Kerala.
Before the formation of the Kerala state, Travancore Co-operative Societies and Cochin Co-operative Societies began their co-operative movements. After Kerala was created, the Kerala Co-operative society act of 1969 came to force with limited liability. Lateran act was passed in 1999, known as the Kerala Co-operative Amendment Act that provided membership to local bodies.
Vision:
To encourage and modernise, build a healthy, and viable cooperative movement in Kerala, to empower the society reach greater heights by ensuing superior social economic development in tandem with the Kerala government.
Objectives:
The objectives of the Industrial Cooperative Societies are as follows:
- Encouragecooperation among the workers and increase productivity.
- Offer advances to the workers against the security of the raw materials and the finished products.
- Purchase supply raw materials tools and equipment for the workers.
- To assist each other and not have competition.
- Constructing the godowns for the finished products.
- Need to have effective transparent services.
- Deliver quality service and produce to the customers.
- Provide technical and financial advice to effectively use the profits and arrange for the marketing of the supplementary services on a co-operative basis.
- Invite the industrial experts having knowledge on industries and share their experiences.
Eligibility:
- Minimum number of members depending on nature of societies.
- You must have minimum share capital.
- Promoting economic interest of the members as per the society principles.
- Must be registered under the co-operative societies act.
How to apply for an Industrial Cooperative Society in Kerala?
The procedures for setting up the Industrial Co-operative Society in Kerala are given below as follows.
- Name and address of the society.
- Aim and objective of the society.
- A good building with all amenities in a good locality.
- Land and legal documents.
- Nativity Certificate.
- Residential proof of the members.
- Copy of the laws of the society.
- Form for admitting new members into the fold.
- Giving particulars about the Share capital and its divisions.
- All these documents are registered with the registrar of Co-operative societies.
- Registrar views the above mentioned documents and verifies it.
- Name of society is entered in register.
- Certification of registration is given to the cooperative society.
- Co-operative society is created and is operational.
Types of Co-operative Societies In Kerala:
There are various Co-operative Societies in Kerala given below:
- Consumer Co-operative Societies in Kerala.
- Producer Co-operative Society.
- Co-operative Credit Society.
- Marketing Co-operative Society.
- Housing Co-operative Society.
Types of Industrial Co-operative Societies In Kerala:
There are various Industrial Co-operative Societies in Kerala given below as follows:
- Industrial Production Society
- Industrial Workers Co-operative Society
- Secondary Co-operative Society.
- Workshop Co-operative Society.
- Credit Unions.
Registration of Industrial Co-operative Societies In India:
The registration of the Industrial Co-operative Societies in Kerala is done by the Industrial Developmental Officer with recommendations coming through the District Industries Center, consisting of the director and Ex-officials like the Additional registrar, Micro and Small Scale Industries, Kerala.
The following conditions must be fulfilled for setting up the Industrial Co-operative Society in Kerala. They are as follows:
- The area of the membership of the society must have details about the Ward, Municipality and the Grama Panchayats.
- No member of the Industrial Co-operative society must be involved in the same business which society aims to do.
- It cannot be registered unless; six primary societies will join the main industrial cooperative societies in Kerala.
- Every entity becoming the Industrial Co-operative Society must use the word “limited” at the end of the society.
- There must not be two similar types of societies in the same area.
The forms required For Registration of the Industrial Cooperative Societies in Kerala state are as follows:
- Application forms.
- Organisation meeting resolution.
- List of the members/stakeholders/shareholders as per the format.
- No objection Certificate from the recognised bank.
- Qualification and experience letter of each members.
- Challan of the suspense deposit of the share amount, and the admission fees, to the nearest branch of the District/Central Cooperative Bank Limited.
- Account showing the income and expenditure updated till paper submission.
- Tentative budget for 3 years, where in the excess must be generated at the end of the day.
- A letter from the Chief Organiser, submitting the document to the register through the Industrial Development Officer of the area.
- Nature of the work examined by the concerned authority.
- Certificate stating that the promoter of the Industrial Co-operative Society has got no dues.
- Residential Proof of all the members of the society.
- Papers must be submitted with the comments given by the Industrial Development Officer stating details like the
---Practicability of the proposed society.
---Type of societies existing at present.
--- Performance of existing societies in Kerala.
Benefits of Industrial Co-operative Societies in Kerala
Some of the major benefits of the Industrial Co-operative Society in Kerala are given below as follows:
- It helps in enhancing the employment chances in Kerala state.
- Imparting quality training and knowledge to the employees.
- Cooperative society will not get affected by the arrival or the departure of its members.
- Helps in encouraging the standard of living of the people in Kerala.
- It has got continuous existence and limited liability.
- Surplus earned by the co-operative society is divided among the members judiciously.
- A member having more shares than others in the Co-operative society cannot control the actions of the society.
- The cooperative society will pay very less taxes compared to other forms of business as they are non-profit organisation in Kerala.
- One can start and manage it with limited resources and capital.
- You will get the complete patronage from the government.
- Membership for any individual to join in this society is very easy.
Cooperative Societies can be set up in various fields like
- Dry Fruits.
- Weaving.
- Handlooms.
- Pappad Making Units.
- Fisheries.
- Diary and its products.
- Animal Husbandries.
- Fertilizers.
- Pesticides.
- Food and Beverages.
Some of the prominent Cooperative Societies in Kerala are:
- Kerala Co-Operative Milk Producers Federation.
- Kerala Cigar Workers Central Co-Op Society.
- Kerala State Coop Marketing Federations.
- Kerala State Housing Coop Societies.
You can fill the applications and sent to the mailing address:
Department of Cooperation
Office ofthe Registrar ofthe Cooperative Societies.
Jawahar Sahakarana Bhavan.
Dpi Junction.
Thycaud P O.
Thiruvananthapuram—695014.
Kerala.
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