Role of Information Technology (IT) in Co-operative Sector

Today world is passing through the era of Information Technology (IT). We are living in the IT age. The IT must be an integral part of our life and organization strategy. IT needs are increasing day by day and today every person is intending to be IT oriented. Without IT people cannot live in the society. The Co-operative movement in India is the largest in the world. Now it has completed a century. There are 5,45,354 co-operatives functioning at all levels with 236.23 million of membership and share capital of Rs. 1,98,542.50 million. IT has a lot of influence on Co-operatives. IT helps to increase the productivity of existing co-operatives of poor formers. IT in co-operative sector is sine quo non to bring about a favorable change in the climate and culture of the societies. Now-a-days computers have simplified the workload in co-operatives and other offices and it supplies useful and accurate information in a very short time.