Question
Consider the following statement regarding co-operative
credit societies: 1. The first known mutual aid society in India was probably the ‘Anyonya Sahakari Mandali’. 2. The first known mutual aid society organised in the erstwhile princely State of Baroda in 1889. 3. The first urban cooperative credit society was registered in Mumbai in 1907. Which of the above statement/s is/are not correct?Solution
The first known mutual aid society in India was probably the ‘Anyonya Sahakari Mandali’ organised in the erstwhile princely State of Baroda in 1889 under the guidance of Vithal Laxman also known as Bhausaheb Kavthekar. The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the erstwhile Madras province in October, 1904.
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