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Large Area Multi Purpose
Society (LAMPS)
Presented By:-
Nijo Ninan(1975)
Pratik Kocher(1976)
Sangram Kumar Sahani
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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.
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FUNCTIONS OF LAMPS
Concessional Finance.
Marketing of tribal Produce.
Distribution of domestic requirement.
Supply of agriculture input.
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SUBJECT MATTER OF BYE-LAWS
The multi-State cooperative society may make bye-lawsin
following respect -
(i) The name and registered address ofthe multi-State
cooperative society and its
branches.(ii) The area of operation.
(iii) The objectives and purpose for whichits funds may be
applied.
(iv) The privileges, rights, duties and
liabilities of members including nominalmembers
(v) The mode of conducting business such asmanufacture,
purchase, stock taking and other alliedmatters
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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 grantedto 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.
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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.
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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 offagainst the profits of the other
branches.
6. As the volume of business of such a societyis high.
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DISADVANTAGE OF THE LARGE AREA MULTI-
PURPOSE 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.
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5. The accounts ofDifferent 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.
