ASIA PACIFIC CO-OPERATIVE MINISTERS’ CONFERENCE A REPORT ON THE 4 th CRITICAL STUDY. Mr. RANGAN DUTTA Senior Consultant – ICA - AP. UN Could not have chosen a more appropriate year than 2012 as the I Y C because:.
Mr. RANGAN DUTTA Senior Consultant – ICA - AP
(1) Capability of the sector,
(2) Constraints on attaining efficiency and Delivery of services and is thus in the nature of a Strategic Review. This Study was somewhat contraint because of the fact that responses for the Questionnaire were received only from a few.
1. Need for a policy shift to form a multi purpose co-operatives at the primary level. To Serve as a ‘One Stop Shop’ for meetings villagers’ needs of credit and support services with at least 1000 members.
2. Inclusion of SHG and MFI movements viewed as pre co-operatives or Non-Formal Co-operatives by Experts within the ambit of co-operatives would expand the base of co-operatives and to avoid competition within the same space
3. There is a case for one Comprehensive Co-operative Code for all sectors for more effective policy making and governance.
4. Policies are more effective when embodied in statutes and concrete plans rather than independent policy statements issued from time to time. EXAMPLE: Article 44 of the Iranian Constitution and the Philippines Co-operative Code of 2009.
5. Co-operatives could better be made a part of President’s or Prime Minister’s Office to accord it the due importance
6. To provide Co-ordinate Policy and Financial support, a Central Institutional Authority might help. EXAMPLE: Co-operative Development Authority in Philippines, ICCC and CORC in IRAN, Co-operative League of Thailand, National Co-operative Council of Sri Lanka.
7. Stricter laws to prevent demutualization and adoption of a cautious approach to strategic alliance with the corporate sector are recommended. Experience of co-operatives in Japan in floating subsidiary companies or corporatization of value added activities of co-operatives are in the interest of the co-operative sector
8. To harmonize members control aspect of co-operatives with rights of non member share holders and depositors requires an innovative business model that ensures return of investment on non members without reducing members control.
9. Board of Directors be allowed to take responsibility and unencumbered by supervision and audit committees interference in management and make BOD accountable to to General Body.
“ Unless the Bank shows more enterprise in helping in organize and advance money to various types of co-operative societies, I’ m afraid there is not much justification for members to take it…
“Consolidation and expansion of co-operatives is the basis of rural development”