Cooperative Law and Micro Finances – I & II has been prepared in alignment with the New Education Policy 2020 and the revised syllabus of Kavayitri Bahinabai Chaudhari North Maharashtra University for First Year Bachelor of Commerce students. Education is a dynamic process, and curriculum changes are a natural progression of development. This textbook provides updated learning materials that reflect the evolving demands of the present era.
Structured in a self-learning format, the book adopts a student-friendly approach, simplifying complex concepts of cooperative law and microfinance. It covers the Maharashtra Cooperative Societies Act, 1960, the Multistate Cooperative Societies Act, 2002, and the growth of microfinance institutions in India and abroad. Exam-oriented preparation is ensured through the inclusion of university-level questions, making it a reliable companion for students.
The text also integrates practical insights through case studies on workers’ cooperatives and the White Revolution, bridging theory with real-world applications. It discusses risks, challenges, and future prospects of microfinance and cooperative movements, thereby equipping learners with a comprehensive understanding of the subject.
This book is not only a syllabus companion but also a gateway to appreciating the role of cooperatives and microfinance in India’s economic development. Suggestions for improvement are warmly welcomed, as continuous refinement is the hallmark of academic progress.
1. Maharashtra Co-operative Societies Act 1960
1.1 Introduction
1.2 Maharashtra Cooperative Societies Act
1.2.1 History
1.2.2 Growth
1.2.3 Types
1.2.4 Salient feature of the Maharashtra Co-operative Societies.
1.3 Registration Under Maharashtra Co-Operative Societies Act 1960
1.3.1 Incorporation of societies: Rights of Members
1.4 Privileges & duties of Societies
1.4.1 Management of societies
1.4.2 Property & funds of the co-operative society
1.4.3 Audit, Inquiry inspection and supervision of societies
1.4.4 Annual Returns of Cooperative Societies in Maharashtra
1.4.5 Due Dates for Co-operative Society Audits
1.5 Dispute Settlement and Grievance Redressal
1.5.1 Liquidation of Societies
1.5.2 Offences and Penalties
1.5.3 Problems of Co-operatives in Maharashtra
1.5.4 Amendment of Maharashtra, Co-operative Societies Act, 1960
2. Multistate Co-operative Societies Act, 2002
2.1 Introduction
2.1.1 Definition of Multi-State Cooperative Society
2.1.2 Co-operative values and principles
2.2 Multi-State Cooperative Society: A Body Corporate
2.2.1 Registration under the Multi-State Cooperative Societies Act, 2002
2.3 Membership Rules
2.3.1 Disqualification
2.3.2 Expulsion
2.3.3 Voting Rights
2.3.4 Shares and Shareholding
2.4 Management of Multi-State, Cooperative Societies
2.4.1 Management of Funds & Properties
2.4.2 Duties, Rights and Liabilities of Its Members
2.4.3 Government aid to MSCS under Privileges
2.5 Multi-State Cooperative Society: Audit, Enquiry, Inspection and Surcharge
2.5.1 Conversion of A Cooperative Society into a Multi-State Cooperative Society.
3. Micro Finance
3.1 Introduction
3.2 Birth of Microfinance
3.2.1 Meaning of Microfinance
3.2.2 Microfinance Sector in India
3.3 Legal Framework
3.3.1 Products of Microfinance
3.3.2 Financial Reporting of Microfinance
3.3.3 Risk in Micro Finance
3.4 Top 10 Microfinance Institutions in the World
3.4.1 Future Prospects of Microfinance
Cooperative Law and Micro Finances - II (124B)
4. Micro Finance Institution in India
4.1 Introduction
4.2 Current Status of Microfinance in India
4.3 Objectives of Micro Finance
4.4 Features of Micro Finance
4.5 Structure of Micro Finance
4.6 Famous Micro Finance in India
4.6.1 Bandhan Bank
4.6.2 SKS Microfinance
4.6.3 Ujjivan Small Finance Bank
4.6.4 Bharat Financial Inclusion Limited
4.6.5 ESAF Small Finance Bank
4.6.6 Svatantra Microfin Pvt. Ltd
4.6.7 Janlakshmi Financial Services
4.6.8 Grameen Koota Financial Services Pvt. Ltd
4.6.9 Satin Creditcare Network Limited
4.6.10 Equitas Small Finance Bank
4.6.11 Suryoday Small Finance Bank
4.6.12 Annapurna Finance Pvt Ltd
4.6.13 Arohan Services Pvt. Ltd
4.6.14 Muthoot Microfin Ltd
4.6.15 Credit Access Gramin Limited
4.6.16 Sonata Finance Private Limited
4.6.17 Fusion Microfinance Private Limited
5. Microfinance & its Model
5.1 Introduction
5.2 Need of Microfinance
5.3 Growth of Microfinance
5.4 Development of Microfinance
5.5 Importance of Microfinance
5.6 Models of Microfinance
5.7 Problems/Issues Faced by Microfinance
5.8 Significant Challenges faced by Microfinance
5.9 Measures to Overcome Challenges
6. Contribution to the Development of Cooperative Movement in India
6.1 Introduction
6.2 Importance of the Cooperative sector for India
6.3 Famous personalities in the Cooperative movement
6.4 10 Best Cooperative Societies in India
7. Microfinance Risk
7.1 Introduction
7.2 Microfinance risks and Challenges
7.3 Major risk of microfinance institutions
7.3.1 Financial risk
7.3.2 Credit Risk
7.3.3 Transaction Risk
7.3.4 Portfolio Risk
7.3.5 Liquidity Risk
7.3.6 Risk Interaction
7.3.7 Strategic Risk
7.3.8 Governance Risk
7.3.9 Reputation Risk
7.3.10 Additional Challenges of MFI’s
7.3.11 Rapid Growth and Expansion
7.3.12 Succession Planning
7.3.13 New Product Development
7.3.14 Effective Risk Management
7.3.15 Risk Management Feedback loop
8. Workers Cooperative – Success & Failure of Indian Workers Cooperatives
8.1 Introduction
8.2 What are Workers' cooperatives?
8.3 The Uralungal Labour Contract Cooperative Society Limited (ULCCS)
8.4 Self-Employed Women’s Association
8.5 The Indian Coffee House
8.6 Gambhira Farming Cooperative Society Limited (GFCSL)
8.7 Shri Mahila Griha Udyog (Lijjat)
8.8 Working Women’s Forum of India (WWF)
8.9 Kamani Tubes Workers Cooperative Society Limited (KTLWCS)
8.10 Mumbai Tiffin Box Suppliers Association
8.11 What works for Worker’s cooperatives?
9. A White Revolution in India – A Dairy Transformation: Case Study
9.1 Introduction
9.2 Characteristics of White Revolution
9.3 Sustained expansion in Milk Production
9.4 Obstacles encountered by India during Operation Flood
9.5 Concerns related to policies and regulations
9.6 The Anand Pattern of Cooperatives
9.7 Operation Flood – A Cooperative Movement
9.8 Importance of Operation Flood
9.9 Challenges encountered by Dairy farmers in India
9.10 Programs for ensuring and monitoring the quality and assurance of products or services
9.11 Indian Government’s policy on Milk
This text book has been written in accordance with the revised syllabus as prescribed by B.O.S. in Commerce & Management Faculty, for B.Com. (NEP 2020 Pattern) w.e.f. July, 2024-25.
