Who is the Pioneer of Cooperative Movement in India?
By BYJU'S Exam Prep
Updated on: November 9th, 2023
The Pioneer of the Cooperative Movement in India is Sir Frederick Nicholson. Co-operative societies can be considered autonomous associations of people who have come together voluntarily to fulfill their common social, cultural, and economic aspirations. These associations become democratically controlled and jointly owned enterprises that frequently benefit the uneducated, uneducated, and poor.
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Pioneer of Cooperative Movement in India
In banking, housing, and agriculture, it was crucial. Political participation increased partly due to cooperative societies, particularly in rural areas. The cooperative movement arose due to India’s stress in the last quarter of the nineteenth century.
- The Industrial Revolution forced the majority of the population into agriculture and out of control.
- Agriculture became unprofitable due to subdivisions and holdings in pieces.
- At that time, agriculture was the only source of employment and subsistence.
- Farmers were made to feel bad by moneylenders.
- They will provide money by paying high-interest rates or purchasing their crops as waste.
- These circumstances met the demand for a different agency.
Summary:
Who is the Pioneer of Cooperative Movement in India?
Sir Frederic Nicholson is the Pioneer of the Cooperative Movement in India. The Cooperative Movement of India aided those who were illiterate, underprivileged, and unskilled and was essential to banking, housing, and agriculture.
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