Good governance and cooperatives in India

Today, every government around the world is talking of the achievement and application of good governance for the welfare of people. Good governance has all the ingredients such as transparency, peoples’ participation, e- governance, equity etc. that make it the best means to achieve all major developmental objectives. Moreover, the major reason behind underdevelopment in our country is not due to lack of effective policy prescriptions but the improper implementation of the same. Hence, good governance can become a potent weapon to deal with the issues of under development. In this world of cut throat competition and marketisation, the concept of cooperation gives us hope to overcome the existing anomalies of LPG. Poor people have the option of either using cooperatives to achieve their livelihood objectives or perish or get marginalized in the competitive profit mongering world. This paper is about the strength of cooperatives in mitigating social inequity through good governance and also focuses on several pitfalls and shortcomings like: poor infrastructure, lack of quality management, over dependence on government, dormant membership, non-conduct of elections, lack of strong human resources policy, absence of professionalism, etc.