1. Home
2. About Us
3. Origin and Growth

Origin and Growth

Credit co-operative societies were started in 1905 at Sirsi with the aim of rescuing agriculturists from the clutches of local money lenders. Co operative Societies Act 1912 was passed  for setting up non credit co operatives in the field of marketing and supplying domestic items and agricultural materials. On those days financing the farmers for the purpose of production of Arecanut, Pepper and Cardamom and marketing of these agricultural produces were under the control of private money lenders,land lords and commission agents. The agriculturists especially small land holders were being exploited. They could not get better price, actual weight. They should have paid higher price for consumer items and other essential commodities. Neither producer nor consumer could  get better incentives or yield for their efforts and honesty. In order to get a solution    to this problem, “Sirsi  Totagars’ Co-operative Purchase Distributive and Credit Society Ltd., Sirsi” was established at Sirsi in 1913. But even after 10 years’ business, the society collected only  share capital of Rs.3700/- and reserve fund of Rs.2500/-, With this meagre fund, it was not possible to carry on both activities of  providing loan to farmers and marketing their produce.  So only financing to farmers was continued. So as to overcome this problem this society was divided into “Credit society” and “Marketing society” in the year 1922. Thus in 1923 “The Totagars’Co-Operative Sale Society took its birth  and started its activities on 24.11.1923.

Shri Venkatrao Nilekani, Pundlikrao Pandit, M.S.Jade, Umamaheshwar Hegde Alesar, Ganapati Bhat Akadas, T.V.Ritti, S.N.Keshwain were the co operative leaders in those days.



Name of  the leaders who  served as the Chairman of this Institution and Period   :

 
The Totagars’Co-Operative Sale Society ltd., Sirsi , popularly known as, “TSS” was started initially  with 28 share members and share capital of Rs. 280/-only . Now it has become one of the biggest,    renowned co operative societies in the state. with varied activities in the field of marketing and financing. Initially the society started its activities at Nadig Galli which was very narrow and compact. Then office and other activities were shifted to Namaj Gudda now called A.P.M.C yard, which is having spacious and beautiful area with wide roads. The society opened branch at Yallapur, started Rice Mill, Medical Stores, Kirana and Fertilizer Section. The society started Agricultural Service And Development Society, Processing Society, Petrol Bunk and then handed over to separate management.

All credit goes to late “Shri Shripad Hegde Kadave “,former chairman of this institution who fought hard to bring this society to such a high level. Because of his restless efforts, immense contribution in co operative field, sympathy and faith in agriculturists, high vision the society became very popular not only in Karnataka but in various parts of the country. During his regime as chairman the society returned government share and loan. The system of obtaining loan from the banks was stopped by way of mobilising deposits from the members. When the rate had considerably come down, he actively participated in establishing CAMPCO   which was established in 1973 to maiatain stability in arecanut market. It is a joint venture of Karnataka and Kerala sate.He rendered yeoman service in the field of co operation for more than twenty five years as the chairman of this institution. He developed not only this society but also various co operative and educational institutions. Other directors also accompanied him. Shri D.D.Vishwamitra  who served as the chairman of this society also contributed much for the overall development of this institution. Now Shri Shantarm V. Hegde Shigehalli is rendering his service as the chairman of this institution for last 14 years. He is awarded with “ Sahakari Ratna “ on 10-11-2004 by ,his excellency ,Shri T.N.Chaturvedi,the Governor of Karnataka for his excellent service in the field of co operation.

Registration date with number.         : 21-09-1923 R.No.4178

E.Mail                                                      : This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Web                                                        : www.tssindia.in

You are reading Origin And Growth articles