The correct answer is option 'A': Agricultural Credit Cooperative Society, 1905.

- The first cooperative society registered under the Cooperative Societies Act 1904 was the Agricultural Credit Cooperative Society in 1905.
- This society was established with the aim of providing financial assistance and credit facilities to the agricultural community.
- The Cooperative Societies Act 1904 was enacted by the British government in India to promote the formation and development of cooperative societies in various sectors.
- The act provided a legal framework for the registration, management, and functioning of cooperative societies.
- The Agricultural Credit Cooperative Society was registered in accordance with the provisions of this act.
- The society aimed to address the financial needs of farmers who often faced difficulties in obtaining credit from traditional sources such as moneylenders.
- By pooling their resources and collectively providing credit, the society aimed to empower farmers and promote their economic well-being.
- The society operated on the principles of cooperation, mutual assistance, and democratic decision-making.
- It was managed by a board of directors elected by the members, who were primarily farmers.
- The society offered various financial services such as loans for purchasing agricultural inputs, investment in agricultural machinery, and meeting other farming-related expenses.
- It also encouraged savings among the members and provided a platform for the exchange of agricultural knowledge and best practices.
- The success of the Agricultural Credit Cooperative Society paved the way for the establishment of numerous other cooperative societies across the country, addressing the needs of different sectors such as consumer cooperatives, housing cooperatives, and dairy cooperatives.
- These cooperative societies played a crucial role in promoting economic development, empowering marginalized communities, and reducing dependence on exploitative financial institutions.
- Over the years, cooperative societies have evolved and expanded their scope, contributing significantly to the socio-economic development of the country.