Cooperative societies in India: Key to equitable development and welfare

NOOR MOHMMED

09/Jul/2025

Cooperative societies help build inclusive growth by supporting farmers, artisans, and local communities.
India’s cooperative movement enables access to credit, markets, and welfare for millions of members nationwide.
On International Day of Cooperatives, the focus is on strengthening these institutions for sustainable development.

From rural credit societies and dairy cooperatives to artisan collectives and housing societies, India’s cooperative movement spans diverse sectors. These institutions enable millions of farmers, workers, and small entrepreneurs to access affordable credit, secure better prices for their produce, and improve their livelihoods.

One of the best-known success stories is the Amul dairy cooperative, which transformed the lives of rural milk producers through collective bargaining, professional management, and a reliable market network. Similarly, cooperative banks and credit societies continue to provide essential financial services in areas underserved by commercial banks.

Government policies have also recognised the importance of cooperatives, with dedicated ministries and initiatives aimed at strengthening governance, transparency, and capacity-building within the sector. The goal is to make cooperatives more competitive and sustainable, ensuring they can support rural development, employment generation, and poverty reduction.

As India celebrates the International Day of Cooperatives, there is renewed focus on modernising cooperative institutions through technology adoption, professional training, and better regulation. Experts argue that empowering cooperatives is essential for achieving inclusive, sustainable development and reducing regional disparities.

In a country where over 90% of farmers are smallholders, the cooperative model remains one of the most effective ways to ensure that growth reaches the grassroots. Strengthening cooperatives, therefore, is not just about economic progress—it is about social justice and building a fairer, more equitable society.

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Cooperative societies in India: Key to equitable development and welfare

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