Rao Bahadur Shripad Subrao Talmaki | |
---|---|
Born | |
Died | 28 January 1948 79) Dharwad, Karnataka | (aged
Alma mater | Wilson College, Mumbai |
Occupation | Social Reformer |
Rao Bahadur Shripad Subrao Talmaki (25 December 1868 - 28 January 1948) was a social reformer and early pioneer of the Cooperative movement in India and is known as the father of India's cooperative movement. [1] [2] He was a member of the Chitrapur Saraswat community.
He was the main architect for the founding of The Shamrao Vithal Co-operative Bank Ltd (now known as SVC Cooperative Bank Limited), which was registered on 27 December 1906, and he named it after Late Shamrao Vithal Kaikini, who was his main guiding force and Guru. It was set up with the primary objective of assisting the less fortunate members of the community in its economic enterprises, to encourage savings and to create funds for providing financial aid to deserving members. [3]
On 28 March 1915, he co-founded the Saraswat Cooperative Housing Society in Gamdevi, Bombay (Mumbai), Asia's first Cooperative Housing Society. [4]
A cooperative is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include:
Santacruz or Santa Cruz is a suburb of Mumbai. The Santacruz railway station on the Mumbai Suburban Railway, the domestic terminal (T1) of the Chhatrapati Shivaji Maharaj International Airport, and one campus of the University of Mumbai, are all located in Santacruz (East).
Chitrapur Saraswats are a small Konkani-speaking community of Hindu Brahmins in India. They are traditionally found along the Kanara coast and call themselves Bhanaps in the Konkani language.
A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing, utilities and personal finance.
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Saraswat Co-operative Bank Ltd. is an urban co-operative banking institution, having its headquarters in Mumbai, Maharashtra, India and operating as a co-operative society since 1918. The Founding Members of the society were J.K. Parulkar as chairman, N.B. Thakur as vice-chairman, P.N. Warde as Secretary, and Shivram Gopal Rajadhyaksha as Treasurer.
The cooperative movement in India plays a crucial role in the agricultural sector, banking and housing. Many cooperative societies, particularly in rural areas, increase political participation and are used as a stepping stone by aspiring politicians.
The Shamrao Vithal Co-op. Bank Ltd. known as SVC Cooperative Bank Limited, is a scheduled bank in India that was established in 1906, being registered as a Co-operative Credit Society on 27 December 1906. Its main goals when it was established were to encourage saving, help the less fortunate people of the community with their economic endeavours, and to raise money to help deserving members.
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