Management Of Kadapa District Co-Operative Bank In India

He did his M.Com, MBA, M.Sc (IT), M.Tech,P h.D and Post Doctoral Fellow (UGC) from S.V.University. He has published 76 articles in various National & International journals and has authored 10 books. He attended and presented papers in 36 National and 2 International seminars. He has been working for S.V.U. college of Engineering. Tirupati, A.P, IN

The concept of "Co-operation" is considered a golden mean between capitalism and socialism. In a capitalist system profit earning is the primary motive and the surplus goes to organizers and capitalists. In a socialist system, on the other hand, the individual is subordinated to the state, and the surplus is utilized for the welfare of the society as a whole. In a co-operative set up none of the factors of production is allowed to get an upper hand over the other. The surplus, if any, is distributed among all the factors of production in a fair proportion. Further, a co-operative society is an embodiment of complete amalgamation of interest of its workers, employers, consumers and producers. This harmonization of interests leads to mutually beneficial policies in a private enterprise; the institutions close their doors to new members after the business gets going, whereas a co-operative society keeps its doors always open to qualified persons. Co-operatives are in a better position than the public and private enterprises, to know the grievances of their customers and in finding a method to redress those grievances (1).