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Cooperative Societies in India

A cooperative society is an organization owned and run by the people using its goods and services. They are a worldwide phenomenon with various definitions and diverse structures. They are an association of users or small firms, or sometimes households, aiming to serve the community as a whole. 

They aim for the replacement of capitalism with cooperation, are non-discriminatory, prioritize discussions, and follow the ideals of self-help and mutual understanding.

Cooperative Societies in India

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Cooperative Societies

A cooperative society is important for maintaining food security and financial assistance to agricultural workers. It has been useful in mitigating the negative impacts of monopoly and also contributed to a more equitable distribution of wealth in their own way....

What are Cooperative Societies in India?

A Cooperative Society is a voluntary organization of people who band together to pursue a shared economic goal with similar needs. These societies have created to obtain low-cost loans, acquire agriculturally and household supplies and equipment, sell products and even secure a variety of services....

Role of Cooperatives in Food Security

Some of the Main Roles that cooperative plays are,...

Features of Cooperative Society

They are voluntary associations of cooperative societies. Anyone who is interested is free to join or leave a cooperative anytime they want to. It is based on the principle of “one man one vote”. It needs to be registered under Cooperative Societies Act. It makes it a separate legal entity. The main objective is to provide service to members and to maximize profit. Dividends and bonuses are out of the profits of cooperatives....

Functions of Cooperatives in Food Security

The functions of cooperatives in food security are as follows:...

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FAQs on Cooperative Societies in India

Q 1. What are cooperative societies in India?...

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