Indian Cooperative Trade Platform (Ictp): A Grounded Model

Abstract

Information technology and communication technology have coupled themselves and, have become a disruptive combination which has affected all walks of human existence. Digital Transformation is used to highlight the changes made by information and communication technology. Cooperatives are proven to overcome the shortcomings of other forms of institutions in terms of bringing an inclusive idea, failure to address the larger social concerns and its inherent nature of being highly focused on social and economic attributes and are capable of bringing in technological shifts or even changes in business models through their own initiatives. However, the small and locally based cooperatives are still away from digitalisation. The study aims to analyse how the concept of digital transformation works in social enterprise as well as incorporate the concept of digital transformation in Cooperatives and propose a model of model known as the Indian Cooperative Trade Platform (ICTP). The study tried to analyse the fact that the development of information technology through social enterprise is a solution for the importunate circumstances of a deprived section of society. The requirement of digitalisation in the cooperative sector is essential in this competitive era. With the help of the right support and use of digitalisation, ICTP like a centralised platform can be developed and made functional so as to ensure the efficient trading of agricultural products and that’s how to ensure the upliftment of deprived classes. The model will facilitate the attainment of SDGs as well if it is implemented and monitored systematically. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.