Master of Commerce (M.Com.) Economics of Co Operation Syllabus - Mumbai University 2026

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Syllabus for Economics of Co-operation

Elective course · Semester 2 · M.Com. Business Economics · 4 credits

Module I: Introduction, History and development of Co-operation (2 CREDITS)

Unit I Understanding the Foundations of Cooperation Introduction to Cooperation: Meaning, scope, and economic, social, and moral benefits of cooperation-Types of Cooperatives (Consumer Cooperative Society, Producer Cooperative Society, Housing Cooperative Society, Credit Cooperative Society, and Marketing Cooperative Society) History of Cooperative Movements: The Rochdale Equitable Pioneers Society, the Raiffeisen and Schultz-Delitsch Credit Society and the International Co-operative Alliance. The Gandhian Socialist Philosophy Regarding Cooperatives: Cooperation for Socialist Society, The Phoenix Settlement, The Tolstoy Farm, and Cooperatives for Peasantry.
Development of Cooperation in India: Informal cooperation (village communities, Chit
Funds of Madras Presidency, Kuries of Travancore, Bhishies, and Phads of Kolhapur)- Formal
cooperation (Cooperative Credit Societies Act, 1904, The All-India Rural Credit Survey
Committee (1951), NABARD Act, 1981, National Cooperative Policy 2002 and Ministry of Cooperation, 2021.
Unit II National Agencies and Cooperative Development:
National Bank for Agriculture and Rural Development (NABARD): Role and Functions of NABARD, NABARD's Initiatives for Agricultural and Rural Development, and NABARD's
Support for Cooperative Development.
National Cooperative Development Corporation (NCDC): Role and Functions of NCDC, NCDC's Initiatives for Cooperative Development, and NCDC's Support for Cooperative
Marketing and Financing
National Cooperative Union of India (NCUI): Role and Functions of NCUI. NCUI's
Initiatives for Cooperative Development, and NCUI's Support for Cooperative Training and Education. National Cooperative Marketing Federation (NAFED): Role and Functions of NAFED, NAFED's Initiatives for Cooperative Marketing, and NAFED's Support for Farmers and Producer
Cooperatives.

Module II: Cooperative Credit, Processing, and Marketing and Best Case

Studies from India (2 CREDITS)
Unit III Cooperative Credit, Processing, and Marketing:
Cooperative Credit: Understanding the importance of credit in rural areas, Role of cooperative credit in rural development, and benefits of cooperative credit for farmers and small businesses. Challenges related to accessibility and inclusivity, financial sustainability
and governance and management- Prospects with respect to use of technology and changes in the regulatory framework.
Cooperative Processing: Understanding the significance of processing industries in rural
areas, Role of cooperatives in agro-processing and value addition, and Impact of cooperative processing on employment and income generation. Challenges related to infrastructure and technology, and quality controls and standards- Prospects with respect to market trends.
Cooperative Marketing: Understanding the role of marketing in rural development, importance of cooperative marketing for small producers and, benefits of cooperative
marketing for farmers and consumers. Challenges related to supply chain inefficiencies- Prospects with respect to market diversification and export opportunities
Unit IV Case Studies and Best Practices:
The Anand Milk Union Limited (AMUL): History and evolution, cooperative structure and governance, business model and operations, and impact on rural development- Best practices in cooperative dairy farming.
The Indian Farmers Fertilizer Cooperative Limited (IFFCO): History and evolution, cooperative
structure and governance, business model, and operations and impact on agricultural productivity- Best practices in cooperative fertilizer production.
The Maharashtra State Co-operative Sugar Factories Federation Ltd (MSCSFF) and The Kerala
State Co-operative Federation for Spices (KSCFS): History and evolution, cooperative structure
and governance, business model and operations and impact on rural development- Best practices
Production and Marketing.

Suggested References

1 Bedi R.D., (1980) Theory, History and Practice of Cooperation, Loyal Book Depot, Meerut.
2 Hajela T.N., (1994) Cooperation: Principles, Problems and Practice, Konark Publishers, New Delhi.
3 Government of India, Ministry of Cooperation. "History of Cooperatives Movement." Ministry of Cooperation, Government of India, 2022, nt.pdf.
4 Krishnaswamy O.R. and Kulandhiswamy V., (2000) Cooperation: Concept and Theory, Arudra Academy, Tamil Nadu
5 Mathur B.S., (1994) Cooperation in India, Sahitya Bhawan, Agra.
6 Sharada V, (1986) Theory of Cooperation, Himalaya Publishing House, Bombay.

Reproduced from the University of Mumbai syllabus for M.Com. (Business Economics) under NEP 2020, in force from the academic year 2023-24. Wording is as printed in that syllabus. Module numbering is as printed there too.

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