Jaiverdhan Singh & Aditi Maheshwari
Amity University, Noida; Amity University, Noida
Abstract
Cooperative societies in India, designed for financial inclusion, serve 32 crore members but remain vulnerable to sophisticated frauds like the Adarsh Scam. While legislative reforms like the MSCS Amendment and BUDS Act have tightened oversight for large entities, they leave “micro loopholes” for smaller societies below the Rs. 500 crore thresholds. These “fringe cooperatives” risk […]