Authors are working in CSO. Views expressed in the paper are of the authors and may not represent those of CSO
Cooperative Credit Societies are one of the important financial instruments in India. Presently for preparing the estimate of GVA in the Cooperative credit societies, Central Statistics Office (CSO) is dependent on the publication of National Bank for Agriculture and Rural Development (NABARD) and the publication comes after a time lag of around seven years. In absence of direct data in the recent years, the estimates are to be derived using indicators to move the benchmark estimate. The indicator is the GVA of the major four rural cooperative credit schemes which used to be the major schemes prior to 2004–05. With the policy changes initiated by the Reserve Bank of India (RBI), urban cooperative banks have expanded in recent years. CSO's present methodology is not adequate to capture this change. The paper explores the possibility of alternative method for estimating the GVA using RBI data from the annual publication ‘Report on Trend and Progress of Banking in India’ in place of NABARD data.
Cooperatives, credit societies, gross value added
