Wealth creation through mass capital mobilization through a cooperative enterprise model: Some lessons for transplanting the Indian experience in South Africa

Abstract

The Indian experience of mass capital mobilization through cooperative movement is well-known and laudable one. The model has been very successful in mitigating poverty across rural India. This study looks into the framework of capital mobilization and how it contributed to massive economic growth of rural India, with special focus on Gujarat and Maharashtra-two pioneering provinces in co-operativization strategy. The study draws parallel lessons for South Africa providing policy insights toward building a cooperative movement. Key words: Cooperative, India, South Africa, capital mobilization, wealth, finance.