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    Lamps PDF

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    Tapesh Awasthi
    The document discusses Large Area Multi Purpose Societies (LAMPS), which are cooperatives that cater to the various needs of tribal and rural populations in an area covering 10,000 to 20,000 people. LAMPS provide concessional financing, market tribal products, distribute domestic supplies, and supply agricultural inputs. They are governed by bye-laws covering their name, area of operations, objectives, and member privileges and responsibilities. LAMPS have advantages like providing many services to develop member loyalty and attract more people, but also have disadvantages like being difficult for tribal people to understand and manage, and mixing activities can be risky.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Lamps PDF

    Uploaded by

    Tapesh Awasthi
    1K views9 pages
    The document discusses Large Area Multi Purpose Societies (LAMPS), which are cooperatives that cater to the various needs of tribal and rural populations in an area covering 10,000 to 20,000 people. LAMPS provide concessional financing, market tribal products, distribute domestic supplies, and supply agricultural inputs. They are governed by bye-laws covering their name, area of operations, objectives, and member privileges and responsibilities. LAMPS have advantages like providing many services to develop member loyalty and attract more people, but also have disadvantages like being difficult for tribal people to understand and manage, and mixing activities can be risky.

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    LAMPS.pdf

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    The document discusses Large Area Multi Purpose Societies (LAMPS), which are cooperatives that cater to the various needs of tribal and rural populations in an area covering 10,000 to 20,000 people. LAMPS provide concessional financing, market tribal products, distribute domestic supplies, and supply agricultural inputs. They are governed by bye-laws covering their name, area of operations, objectives, and member privileges and responsibilities. LAMPS have advantages like providing many services to develop member loyalty and attract more people, but also have disadvantages like being difficult for tribal people to understand and manage, and mixing activities can be risky.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views9 pages

    Lamps PDF

    Uploaded by

    Tapesh Awasthi
    The document discusses Large Area Multi Purpose Societies (LAMPS), which are cooperatives that cater to the various needs of tribal and rural populations in an area covering 10,000 to 20,000 people. LAMPS provide concessional financing, market tribal products, distribute domestic supplies, and supply agricultural inputs. They are governed by bye-laws covering their name, area of operations, objectives, and member privileges and responsibilities. LAMPS have advantages like providing many services to develop member loyalty and attract more people, but also have disadvantages like being difficult for tribal people to understand and manage, and mixing activities can be risky.

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    © All Rights Reserved
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    Large Area Multi Purpose

    Society (LAMPS)

    Presented By:Nijo Ninan(1975)

    Pratik Kocher(1976)
    Sangram Kumar Sahani

    MEANING
    A large area multi-purpose society is a society
    which caters to all the needs of the tribal
    people and farmers such as seed, fertilizers,
    farming instruments, financial assistance to
    them.
    Cover around 10,000 to 20,000 population in
    tribal or rural area.

    FUNCTIONS OF LAMPS

    Concessional Finance.

    Marketing of tribal Produce.

    Distribution of domestic requirement.

    Supply of agriculture input.

    SUBJECT MATTER OF BYE-LAWS


    The multi-State cooperative society may make bye-laws
    in following respect (i)
    The name and registered address of
    the multi-State cooperative society and its
    branches.
    (ii)
    The area of operation.
    (iii)
    The objectives and purpose for which
    its funds may be applied.
    (iv)
    The privileges, rights, duties and
    liabilities of members including nominal
    members
    (v) The mode of conducting business such as
    manufacture, purchase, stock taking and other allied
    matters

    IN THE CASE OF COOPERATIVE BANKS AND


    MULTI-STATE CREDIT SOCIETIES
    (a) Maximum loan admissible per member.
    (b) Maximum rate of interest on loans to
    members;
    (c) Conditions on which loans may be granted
    to members;
    (d) Procedure for grant of loans and advances
    and for the grant of extension of time and for
    repayment of such loans, advances, etc;
    (e) Circumstances under which a loan may be
    recalled.

    ADVANTAGES OF LARGE AREA MULTI-PURPOSE


    SOCIETIES

    1. Society provides number of services, it


    develops loyalty and interest among the members
    for the society.
    2. This provision of services also attracts the
    large number of people who are at present
    outside the co-operative fold.
    3. Society helps the members in redeeming
    them from debt and brings them profitable
    returns for their produce.

    CONTINUED.
    4. One society doing all the functions can be easily
    supervised and inspected.
    5. Loss in anyone section of the society can be

    easily set off against the profits of the other


    branches.
    6. As the volume of business of such a society
    is high.

    DISADVANTAGE OF THE LARGE AREA MULTIPURPOSE SOCIETIES


    1. Difficult to grasp on the part of tribal people and
    villagers.
    2. Difficult competent persons in villages who can manage

    different kinds of work.


    3. Since these societies operate over a number of villages, they
    cannot ensure close, natural knowledge so essential for the

    success of cooperation.
    4. Mixing up of credit with sale and purchase business is
    often very risky.

    5. The accounts of Different activities are generally mixed up


    and thus the true position of various activities of the society cannot
    be known.
    6. A LAMPS is rather difficult to supervise proper utilization

    of loans.
    7. The degree of complexity in different activities is
    different and failure in one may weaken or destroy others if they

    are organically combined.

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