Multi Purpose Cooperative Societies in
Sikkim
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With a view to provide
institutional credits in the villages State
Government had organised 35 Multipurpose
cooperative Societies all over the State in
1975-76. But these MPCS had largely
dependant on consumer business for
sustenance (where margin of profit is low)
and therefore became sick in absence of
cooperative bank. Later with the
establishment of State Cooperative Bank in
1997-98 and thereafter declaration of year
2002 as “Co-operative Awareness Year” by the
State Government the cooperative became a
priority sector. Under the new policy of
State Govt. one MPCS is to be organised in
each 166 Gram Panchayat units to facilitate
sustainable development of village economy.
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The Table below shows the
growth MPCS, membership, working
capital, financial status etc. |
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Sl.No. |
Particulars |
Units |
2001-02 |
2003-04 |
2004-05 |
2007-08 |
2008-09 |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
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1) |
MPCS |
No. |
137 |
161 |
166 |
166 |
166 |
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2) |
Membership |
“ |
26175 |
28658 |
29365 |
29044 |
27620 |
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3) |
Paid up Capital |
Rs in lakh |
35.19 |
76.82 |
86.33 |
111.36 |
110.88 |
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Of which Govt. |
“ |
14.77 |
43.01 |
50.53 |
63.18 |
62.37 |
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4) |
Reserves |
“ |
4.50 |
8.56 |
9.03 |
14.19 |
19.88 |
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5) |
Working Capital |
“ |
52.76 |
109.94 |
123.86 |
174.00 |
188.57 |
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6) |
Societies in profit |
No |
10 |
31 |
38 |
90 |
84 |
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Amount |
Rs in lakh |
3.77 |
5.92 |
6.28 |
15.68 |
15.33 |
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7) |
Societies in loss |
No |
30 |
35 |
31 |
36 |
39 |
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Amount |
Rs in lakh |
3.53 |
6.25 |
4.35 |
4.78 |
4.65 |
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Graph Showing Consumer business handled
by Primary Cooperatives: |
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