Cooperative Life Insurance Initiative: A Few Dimensions
The cooperative movement in India, which traces its origins to the institutional framework established under the Credit Cooperative Societies Act, 1904, has now completed well over a century of service. Throughout its evolution, it has remained committed to improving the socio-economic conditions of the weaker and disadvantaged sections of society. Although the movement has made significant contributions in achieving these objectives, a sense of stagnation has gradually emerged in the functioning of many cooperative institutions, particularly in the context of the rapidly changing economic environment.