About Department
 

Introduction

The Co-operative movement in Jharkhand started like other states with registration/organization of Rural Agricultural Credit Co-operative Societies with the enactment of Co-operative Societies Act No. X of 1904 and made significant progress in the field of rural credit, consumer co-operative etc after co-operative societies Act of India came into existence in 1912 prior to the Jharkhand cooperative societies and the rules made there under the co-operative societies were registered and governed under Bihar co-operative societies act 1935 and Bihar self supporting co-operative societies Act 1996.

With the re-organization of Jharkhand State, Bihar co-operative societies act 1935 and Bihar self supporting co-operative societies Act 1996 have been adopted in Jharkhand state. At present there are 8 District central co-operative banks, 2 urban co-operative banks, 6 co-operative federations, one regional handloom weavers co-operative union, 474 LAMPS, 857 PACS, one farmers service society, 78 VMSS and 7100 special type cooperative societies in the state.

Objectives

Co-operative movement aims at all round economic and social development of small and marginal farmers, artisans and other societies through its operations. For the upliftment of the people of this state in general and the tribal community in particular co-operatives have to play a vital and significant role. Agriculture is the lifeline of the people living in this state. In this context the broad objective of the Co-operative department is to provide short and medium term production credit through a network of LAMPS and PACS through the nine Central Co-Operative Banks in the area it is, proposed to setup an apex bank at the state level which will also look after the land development function of meeting the long term credit needs. The six Co-Operative Banks are Ranchi-Khunti Central Co-Operative Bank, Gumla-Simdega Central Co-Operative Bank, Singhbhum Central Co-Operative Bank, Hazaribag Central Co-Operative Bank, Giridih Central Co-Operative Bank, Dumka Central Co-Operative Bank.

As Co-Operative movement signifies the abolition of the capitalist's monopoly it should pave the way for decentralization. Based on trust, self-help and mutual aid, the Co-Operative societies have been given the responsibility of being accountable, competitive and self-reliant. Formations of such societies are being encouraged for the weaker sections.