256
sympathetically tried to understand their difficulties. Find-
ing that credit was the crying need of this people and the
kind of the creditor that they had was the source of their
indigence, he introduced the co-operative credit society
in the village.
The history of the Co-operative Credit Society.
The Co-operative Credit Society of Atgam was regis-
tered on 3 ist May 1917 and commenced its operations on
13th June of the same year, with a small capital of
Rs. I66^1 —Rs. 150 were deposited by Mr. Manibhai and
Rs. 16 were received as entrance fees. Rs. 163 were
loaned out on that day to fifteen Kaliparaj farmers.
From this modest beginning the society has made great
progress during the last ten years. This will be evident
from the following table :
Table showing the consolidated position of the Atgam
Co-operative Credit Society from 1977-1926.

Year^2

No. of
members

Members*
deposits
inRs.

Non-
members^1
deposits
inRs.

Reserve
fund
in Rs.

Total
turnover
in Rs.

Rate of )
interest
on loans
to
members

Rate of
interst on
loans
from non-
members

1917 | 79 | 250 | 450 | — | 3271 | 9f-/. | •?•/•
1918 | 105 | 169 | 2500 | 71 | 3879 | *» | 99
1919 | t | 631 | 3920 | 113 | 4732 | 99 | »
1920 | 148 | 1278 | 4055 | 181 | 5763 | 99 | 99
1921 | 156 | 1935 | 4455 | 430 | 6976 | 99 | 99
1922 | 176 | 2745 | 4610 | 568 | 10378 | 99 | 99
1923 | 165 | 4006 | 7787 | 799 | 13012 | 99 | 99
1924 | 183 | 5348 | 9677 | 1204 | 16477 | 99 | 99
1925 | 194 | 6990 | 11929 | 1457 | 20288 | 99 | 99
1926 | 195 | 6380 | 12146 | 1788 | 20708 | 9«/, | 6«/_d
 1	This information has been gathered from the records of the Society.
 2	The year means the financial year; for instance 1917 means ist April
1917 .to 3 ist March 1918.
f Not available.