Rural Credit in Western India, 1875-1930: Rural Credit and the Cooperative Movement in the Bombay Presidency.I. J. Catanach

1972 ◽  
Vol 78 (3) ◽  
pp. 757-759
Author(s):  
William Bateson
Author(s):  
P. S. Kabytov ◽  
O. A. Bezgina

In this article, the authors, based on the principles of historicism and objectivity, using the statistical method and a systematic approach, analyzed the first steps in the development of cooperative societies in the rural environment using the example of the Volga region provinces. The factors and conditions were identified, the totality of which influenced the rate of spread and development of cooperative forms of management in the peasant environment during the post-reform period. This is, firstly, the urgent economic need for the peasant in inexpensive credit: the lack of financial resources forced them to borrow from usurers at a high interest rate; secondly, the efforts of representatives of the aristocracy, intelligentsia and zemstvos to draw attention to this problem, to promote and demonstrate the first experiences of cooperative work; thirdly, the actions of the state to create and develop cooperative legislation. The authors analyze examples of cooperative endeavors that were initiated by the most enlightened people of their time; trace the activities of the zemstvo in the dissemination of cooperative ideas in the peasant environment, the promotion of cooperative knowledge, assistance in opening cooperative partnerships and the provision of initial loans to peasants by rural credit and savings and loan associations; state measures at the legislative level to activate peasant self-help. The analysis of all the above factors in the development of cooperative societies in the peasant environment allowed the authors, following the ups and downs of the processes described, to draw a conclusion about their interaction and influence on the development of the cooperative movement in Russia. In zemstvo and state circles, an understanding has been formed that without the inclusion of peasants in a market economy, it is impossible to develop the infrastructure of the agricultural sector. At the same time, the authors are convinced that without the gradually emerging objective conditions, all these efforts would hardly have been justified.


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