Innovation_And_Entrepreneurship_Centric.pdf

After having the food they give their contribution a

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organizer and served food. After having the food they give their contribution, a sum of money in the counter which is arranged with men who are assigned to receive the cash and write their name and contribution amount in the register; no other handwriting is allowed in the register. Each participant who got donation from this man generally gives a minimum of twice of that amount, and new participants contribute according to their ability and will. At the end of the function, the men who are entrusted with collecting money count the total amount and make it tally with the written amount in the register and hand it over to the organiser. He, after clearing all dues, returns home with cash in his hand and more calculations in his mind. Afterwards, in others turn, he will also be invited, then he checks the entry made by that man and differentiates his capital repayment and donation, and pays a higher donation. Like this, all participants organise it and participate in others’ programmes by giving, taking, sharing and enjoying the life under this system. All the participants opine that there is no legal support for Kurikalyanam and there is no intermediary to take care of it. It is decided on needs and at usual intervals, i.e. between 3-5 years. The financial arrangement through Kurikalyanam cuts the roots of exploitation and helps to maintain a harmonious social set up. It mobilizes a lump sum amount without any difficulty. The amount need not be repaid in lump sum. It doesn’t have any type of interest. There is no feeling of borrowing. All major activities can be financed by this. It encourages social commitment and mutual cooperation. Money is not kept idle instead it flows. It represents a need based economic system. Still it is not devoid of some notable
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International Journal of Management and Computing Sciences (IJMCS), Vol. 1 No. II (2011) PP 9-19 12 disadvantages like high financial burden in the peack season, difficulty in account keeping, multiplicity of needs, devaluation and never-ending liabilities and dues. All the members of the society are protected and all their needs are satisfied. The responsibility belongs to the society as a whole. When one is in need, all are there with a helping hand in cash and kind. Neither extreme poverty nor economic deprivation exists in that society. They know the need and deed each other. It is reported that in the areas where Kurikalyanam is prevalent the entire life of a man is moulded by it. A man starts his career by mobilizing money through Kurikalyanam at his early age. Then onwards he is active in it by paying and receiving money, and fulfilling all the basic needs. At the fag end of his life, he concludes all the transactions by clearing the dues and closing the accounts. The economic as well as natural resources of a rural area are effectively allocated by Kurikalyanam. In one year some of them organize and mobilize a lump sum amount and utilize it for some specific purposes.
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  • Fall '18
  • Edward
  • Wind, The American, IJMCS, International Journal of Management and Computing Sciences, kurikalyanam

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