Mentor’s comment-
- https://www.thehindu.com/
opinion/op-ed/cooperation- awaits-its-finding-raiffeisen- moment/article37858033.ece - In the intro, mention the context of Verghese Kurien’s contribution to the success of one of the most successful cooperatives in India.
- In the body mention brief history of the cooperative in the colonial period. Next, mention the challenges such as excessive state control, lack of state support, corruption etc.
- In the suggestions mention reducing the powers of RCS, ending the urban-rural dichotomy, ending the regulation by RBI, and ending the multi-agency approach etc.
- Conclude by mentioning the need to implement the suggestions to revive the movement in India.
Thanks in advance!
Ishan
Please mention reference ID for reviews.
Introduction is too long, history part is good..that should suffice..focus more on challenges and solutions, keep intro concise..
Also try to write in points, give subheadings..not an essay.
In challenges, you should mention more points..political interference, corruption, lack of audit mechanism, lack of economy of scale, dual control by RBI/RCS- regulatory functions under RBI whereas registration, management etc looked over by RCS.
Examples are good, but these can be mentioned in conclusion.
Write a proper way forward suggesting steps to tackle the problems of cooperatives.
Keep writing. 🙂
Polity que
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Bhanu
Intro is fine, you can also give a working definition of cooperatives. To substantiate 1st statement, try to mention some data point from pre-independence times..cooperative credit societies act 1904 can be mentioned.
Points mentioned in challenges are good..further lack of audit mechanism, regional imbalance in growth etc can be mentioned. Dual control of RCS/RBI can be better explained..regulatory functions under RBI whereas registration, management etc looked over by RCS.
Solutions are fine, amendments in banking regulation act can also be written. Conclusion is good.
Keep writing.:)