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Study of the Andhra Pradesh Cooperative Agricultural Development Bank.
The great majority of the population in colonial and postcolonial India lived in the countryside and were poor. Many were unable to find gainful work outside agriculture and remained dependent on a livelihood that provided only subsistence, and a precarious one. Seeking the roots of persistent poverty, Maanik Nath finds that the pervasive high cost and shortage of capital affected the peasant's ability to invest in land. The productivity of land, as a result, remained small and changed little. Bridging economic theory and historical evidence, Capital Shortage shows that climate, law, policy design, and interactions between these factors, perpetuated a stubborn cycle of low investment and widespread deprivation over several decades. These findings can be tested against credit and development in preceding and succeeding periods as well as positioned in comparative global context.
Cooperatives are one of the important economic organizations, generate a huge employment potential and diversified its activities covering almost all possible sectors, touching the needs of the producers as well as the consumers across the world.Entrepreneurship literature rarely mentioned about the relationship between entrepreneurship and cooperative development. In the cooperative literatures too very little has been addressed about the synergy between entrepreneurial behaviour and the degree of economic success or the failure of cooperatives. Without entrepreneurial behavior, cooperatives cannot succeed and they will not even be established. The books available at present in the field of cooperation and cooperatives have not detailed the entrepreneurial behavior of cooperatives and their stake holders. In short, there is a virtual vacuum in the literatures about cooperative entrepreneurship. In this context, this book attempts to provide a theoretical background on cooperatives in Indian context and will serve as base for further research into this field of study. This book is useful for students, teachers, and trainers in Cooperation, Rural Development, and Third Sector Enterprises.