Pt. Thiyagaraya Chettiyar: A Cooperative Pioneer in Indian Banking and Finance
DOI:
https://doi.org/10.52783/jns.v14.1564Keywords:
Cooperative Banking, Financial Inclusion, Pt. Thiyagaraya Chettiyar, Socio-Economic Upliftment, Rural Development, Financial Literacy, Inclusive GrowthAbstract
This research also evaluates the inputs of Mr. Pt.Thiyagaraya Chettiyar for his contribution towards the development of cooperative banking and finance in India and for his contributions shown in the spread of financial education, institution of cooperative lending schemes and successful formulation of policies and other executes leading to the human and socio-economic progress of the country. The research methodology used is a dual design type: descriptive and analytical. In so doing, this design methodology makes a systematic descriptive design capture of Pt. Thiyagaraya Chettiyar’s contributions to cooperative banking and financial development, while the analytical design explores the connections between social and economic consequences of his works in finance, particularly for excluded groups. The sample comprises 71 respondents who have been chosen randomly using a structured questionnaire that contains data from Cooperative Bank members and Financial Experts, Government Policymakers, and Academicians. The datasets were obtained through a set of identifiable questionnaires which included both close-ended questions and scale questions and the data were analyzed using the SPSS software. Other Statistical tests for inferences includes One-Way ANOVA, Independent Sample t-Test and Fried-man Test. It has been ascertained from the analysis that Pt. Thiyagaraya Chettiyar claims that the above contributions “I made can go a long way in improving great access to credit, financial literacy and socio-economic empowerment of women and the lower castes who suffered from false stigma”. He was the scrupulous force in the creation of Cooperative Banks since it offer independence to the rural and agrarian communities. The study therefore explores how his work is still relevant in the current cooperative banking and policies such as the question of social inclusion and fair credit. Pt. Thiyagaraya Chettiyar has provided a model for reforming and creating modern sustainable peace, today’s reform processes are forcibly distinguished by the example left by Chettiyar. The principles expounded by the author argue well to the existing issues in cooperative banking and financial evolution.
Downloads
Metrics
References
Angrish, A. K., & Bansal, S. K. (2023). Cooperative Banks: Tracing, Tracking, and Treating the Failures. In Cooperatives as a Catalyst for Sustainability: Lessons Learned from Asian Models (pp. 195-226).
Ashraf, H. M., & Bhandari, A. K. (2023). Stability of Cooperative Banks in Kerala, India: A Comparative Study of Banks across Ownership Structures. Prajnan, 52(1).
Bhua, G., & Acharya, S. C. THE ROLE OF COOPERATIVE BANKS IN PRIORITY SECTOR LENDING: A CASE STUDY OF BALANGIR DISTRICT CENTRAL COOPERATIVE BANK LTD, ODISHA STATE.
CHAUDHARI, V., PRABHU, S. P., & SHARMA, A. K. (2024). NATIONAL COOPERATIVE UNION OF INDIA.
DEVIDAS, M. P. K. (2024). ECONOMIC ANALYSIS OF CROP LOAN FINANCE BY DHULE AND NANDURBAR DISTRICT CENTRAL COOPERATIVE BANK (Doctoral dissertation, MAHATMA PHULE KRISHI VIDYAPEETH).
Hussain, S., Rasheed, A., & Rehman, S. U. (2024). Driving sustainable growth: exploring the link between financial innovation, green finance and sustainability performance: banking evidence. Kybernetes, 53(11), 4678-4696.
Khan, H. Z. (2024). Influences on the Use of Multi-dimensional Performance Measures in Banks: An Institutional Perspective. In An Innovative Performance Measurement System & Sustainability: The Case of a Developing Country (pp. 117-168). Singapore: Springer Nature Singapore.
Kumar, N., & Bhatnagar, S. (2023). MICROFINANCE BUSINESS MODEL FOR SUSTAINABLE FINANCIAL INCLUSION: STUDY OF A RURAL COOPERATIVE BANK. Department of Economics Sardar Patel University, Vallabh Vidyanagar, 23.
Muhammed Shafi, M. K., Shafi, K. M., & Saleem, S. (2024). Microfinance-Driven Banking Initiatives for Advancing Financial Inclusion; Evidences from India. In The AI Revolution: Driving Business Innovation and Research: Volume 2 (pp. 467-481). Cham: Springer Nature Switzerland.
Muhammed Shafi, M. K., Shafi, K. M., & Saleem, S. (2024). Microfinance-Driven Banking Initiatives for Advancing Financial Inclusion; Evidences from India. In The AI Revolution: Driving Business Innovation and Research: Volume 2 (pp. 467-481). Cham: Springer Nature Switzerland.
Mundhra, S., & Mhatre, K. P. (2023). A Descriptive Study of Priority Sector Lending in India. Issue 1 Indian JL & Legal Rsch., 5, 1.
Narula, S., & Singh, M. (2023). Do Creditors Punish Weak Banks? Evidence from Indian Cooperative Banks' Failure. Evidence from Indian Cooperative Banks' Failure.
Ololade, Y. J. (2024). Conceptualizing fintech innovations and financial inclusion: comparative analysis of African and US initiatives. Finance & Accounting Research Journal, 6(4), 546-555.
Ozili, P. K., & Syed, A. A. (2024). Financial Inclusion and Fintech Research in India: A Review. Decentralized Finance and Tokenization in FinTech, 77-94.
Panakaje, N., Rahiman, H. U., Riha Parvin, S. M., Siddiq, A., & Rabbani, M. R. (2023). Revitalising socio-economic empowerment through cooperative banks: insights from India. Arab Gulf Journal of Scientific Research.
Rani, R. (2024). Co-operative Banks-A Helping Hands for Small and Medium Entrepreneurs in Saharanpur District. Integrated Journal for Research in Arts and Humanities, 4(2), 20-28.
Risi, D., Vigneau, L., Bohn, S., & Wickert, C. (2023). Institutional theory‐based research on corporate social responsibility: Bringing values back in. International Journal of Management Reviews, 25(1), 3-23.
Sakariya, S. R., & Trivedi, T. (2024). Study on Cooperative Bank Lending Practices in Ahmedabad. Advancement in Management and Technology (AMT), 4(3), 25-30.
Seena, P. C. (2023). Performance of Rural Financial Institutions in India with Special Reference to Cooperative Banks. South Asian Journal of Management, 30(2), 71-87.
Sharma, M. (2023). Mainstreaming Cooperatives Banks: An Issue of Compulsion, Not of Choice. IMC Journal, 11.
Shastri, P. K. G., Dhongde, S., & Gulati, C. K. (2023). Post pandemic impact on co-operative banking in Maharashtra state: A study. In Interdisciplinary Research in Technology and Management (pp. 305-311). CRC Press.
Singh, A., & Wadkar, S. K. (2023). Andhra Pradesh State Cooperative Bank: credit beyond convention. Emerald Emerging Markets Case Studies, 13(3), 1-23.
Singh, S. K., & Prasad, S. Cooperative Banks: Building Rural India. SARALA BIRLA UNIVERSITY, 37.
Swain, D., Kumar, B., Satapathy, G. P., Tomer, G., Yadav, B., & Singh, A. (2023). A Study on the Problems Confronted by the DCC Bs in the Recuperation of Agricultural Loans and Problems Faced by the Borrowers Acquiring Agricultural Loan through DCC Bs in Western Odisha, India. Asian Journal of Agricultural Extension, Economics & Sociology, 41(9), 421-426.
Tiwari, M. A. K., & Agnihotri, M. N. (2023). Evaluating the role of Cooperative Banks in promoting financial inclusion in India. Bayan College International Journal of Multidisciplinary Research, 3(2), 41-48.
Vongvisitsin, T. B., & Tung, V. W. S. (2025). Technology start-ups in tourism and hospitality: A networked social capital theory perspective from early-stage start-up founders. Tourism Management, 106, 104996.
Xu, Z., Xu, J., Li, S., & Wang, C. (2024). The influencing factors of residents’ willingness to pay in marine ecological restoration: the integration of the theory of planned behavior and social capital theory. Marine Policy, 161, 106031.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
Terms:
- Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
