A Report on Deposit Mobilization in State Bank of India by itk50160


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									       Annual Report pertaining to the Department of Cooperation for 2005-06

1. Introduction :- The    theory and concept of Cooperative
dates back to 19th Century when            the International
Cooperative Alliance (ICA) was first set up by thinkers of
cooperative ideology.    The year   was 1895. In India,   the
British Rulers formally       enforced the       Co-operative
Societies Act in the year 1904. This Act was further amended
in 1912 which facilitated the cooperative society to indulge
in    lending of credit, deposit mobilization and in the
process discourage exploitative private sector money lending
system. The Cooperative Movement in Sikkim was     introduced
with the enactment of Cooperative Societies Act of 1955.
After joining the Indian Union, the existing Act was replaced
by the Sikkim State Cooperative Act 1978 and Sikkim State
Cooperative Societies Rules 1981.

The functioning of Cooperation Department is best
understood    when referred to the Cooperative as an
Institute. Cooperative Institution is based on the
values of self-help, self-responsibility, democracy,
equality, equity and solidarity. It is ideology driven
and value based voluntarily formed institution with a
set of Internationally recognized and accepted seven
Principles of Cooperation

2. As on March 2006, there are 574 Cooperatives
registered   in  the   State.    This  includes   5  Apex
Federations, 166 MPCS, 87 CCS, 129 Dairy, 63 Farmers
Service Cooperatives, 44 Marketing Cooperatives, 87
Consumer Cooperatives, 24 Industrial Cooperatives, 16
Labor  Cooperatives,   1   Urban   Bank,  and   39  Other
Cooperatives. The individual Share holding is 2 crores.
As also the yearly business turnover under cooperative
sector   Rs. 43.00 Crores during the period.

Status of Cooperative Societies 1994-2006- Figure I

Sl. No.       Particulars                2006
   1      No. of Cooperatives             574
   2          Membership                 52300
          Total Paid up capital
             (Rs. in Lakhs)
   3                                    1358.81

   4        Working Capital             4302.88

   5      Business Turnover           43.00 crores

   6           Reserves                 701.25
3. As also keeping in view the statement of the
Government regarding 2005 as the Youth Revolutionary
Year, the Department of Cooperation has designed a
scheme   to  form   viable  and   sustainable  producers
cooperatives mainly in the field of agriculture and
allied activities and tourisms as well. The scheme will
be jointly implemented by SIMFED and SISCO which is
expected to establish a healthy business linkage between
the Apex and Primary Village Cooperatives. Under this 14
Producers’ Cooperatives have already been registered so
far by the districts.

4. A day-long Sammelan on Future Vision and Mission of
Cooperatives in Sikkim was held in May 2005 to review
and envisage the future mission of the cooperatives in
the State. Eight good MPCS were given a cash prize of
Rs. 1,00,000/- and five other cooperatives were awarded
Rs. 3.40,000/- each.

5. As on March 2006, there are 44 Godowns with over 4000
MT capacity.

6. A large number of cooperative leadership development
programmes are being organized yearly. As on March 2006,
2800   cooperatives  education   programmes  have   been
conducted and 789 personnel from the cooperatives have
been trained.

7. As on date about 1500 professionals / graduates/
school dropouts etc. have been provided employment
directly by the Cooperative Societies.

8. With the declaration of the year 2006 as “Skill
Development Year” by the Government, the Department has
targeted training of 8000 persons under the Skill
Development Programme.

9. The Sikkim State Cooperative Cadre was revised in
2005 and Cooperative strength was increased from 51 to
     10. Business Status (Turnover) of Cooperatives various types of

Sl. No.   Type of Cooperatives                       Mar-06

1         SIMFED                                     2438.15 Lakhs

2         DACS                                       487.28 Lakhs
3         SCMU                                       426.49 Lakhs
4         SCCS                                       225.69 Lakhs
5         SISCO Bank
          Short Term                                 96.74 Lakhs
          Mid Term                                   264.15 Lakhs
          Recovery                                   106.82 Lakhs

6         Agri. Marketing                            43.48 Lakhs
7         Consumer Goods distribution by primaries 1693.96 Lakhs

                      11. Financial Outlay and Expenditure during 2005-06

                                     Allocation(in Expenditure(in
Sl. No.   Items                                                   Physical Achievement
                                     Rs. Lakhs) Rs. Lakhs)
    1       Cooperative Education        15.70        15.53            2850 persons educated
    2        Cooperative Training         5.00         3.55              823 persons trained
    3      Publicity and Information      7.00         7.00           62 Information & Publicity
    4        Credit Cooperatives         37.85        33.64       2 MPCS opened with 86 Members
                                                                     818.66 MT of marketing and
    5        Supply & Marketing          25.00        25.00
                                                                    1350.08 MT of Supply of Inputs
                                                                       1 Consumer Cooperative was
    6      Consumer Cooperatives         0.40          0.20             opened. Membership have
                                                                             increased by 58
                                                                   2 warehouse constructed with 200
    7     Cooperative Warehousing        5.00          5.00
                                                                            MT capacity
                                                                      3 Primary Milk Cooperatives
                                                                    organized. Milk Collection 31.77
    8        Dairy Cooperatives          2.00                       Lakh Lits, 28.66 Milk Distribution,
                                                                   Rs. 37.16 Lakhs worth Milk Product
    9     Cooperatives Law & Audit        0.5          0.33
                                                                   23 Other cooperatives opened with
    10       Other Cooperatives         42.10          45.11
                                                                      465 membership enrollment
               Direction and
    11                                  99.45          96.98
            NEC (Kumrek Poultry
    12                                  50.82
                                        290.82        232.34

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