Formally co-operatives were introduced to Indian Co-Operative Societies Act was promulgated, The meager funds of farmers were pooled
in to run cooperative and it was an attractive way to solve their financial probems. India is mainly an agrarian society with more then half of its population
still residing in the villages. Rural sector is the major contributor to the overall GDP of the nation and hence lack of development in villages means lack of development in India.
Cooperative Society are playing significant role in this and share a major credit in the growth of rural sector which among with government and private sectors contribute to the overall
economy of India. Sangamam Cooperative covers more than 97% of Indian villages, some run by its members and some by the government.