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Published by: silent_pray786 on Feb 04, 2012
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Discuss the various kinds or types of Cooperative SocietyKinds or Types of Co-operative Society :-Following are the important kinds of cooperative society :1. Consumer cooperative society.2. Producers cooperative society.3. Credit cooperative society.4. Agriculture cooperative society.5. House Building cooperative society.6. Insurance cooperative society.7. Miscellaneous Societies.1. CONSUMER COOPERATIVE SOCIETY :-This type of society purchases the goods of daily needs from the whole sellers or producers and sells it in the hands of members because there is no any middleman between whole seller and consumer, so goods are cheap for the members. Thesesocieties are generally found in the shape of departmental store and retail cooperative store. Sometimes these also earn profit. Some portion of the profit isdistributed among the members and other is spent for the development of businessand on the welfare of the members. This business is conducted by the elected manager. If the business expands then administrative committee is organized by themembers to look after the business. Anyhow its major objective is to supply thedaily necessities of life to its members on lower price. The cooperative consumers societies are very popular in advanced countries.2. PRODUCERS COOPERATIVE SOCIETY :-The main objective of forming this society is to eliminate the middleman and capitalists between the producer and consumer. It makes direct link between the producers and consumer. It produces goods according the demand of the members. Surplus production is sold in the open market at profit. Members of the society pooltheir resources and produce goods. They also manage the business by themselves.They also receive the profit according to their capital.All the production process like purchase of raw material and distribution of goods is performed under the supervision of members. So goods are produced on low cost and supplied to themembers at low price. This type of society establishes small industrial units which are labour intensive. These societies also establish their own retail shopsto provide their product to the consumer directly.3. CREDIT COOPERATIVE SOCIETY :-It is the organization of financially weak persons. Its major objective is to provide short term and medium term loans to its members. This society protects themembers from the money lenders, who charge the higher rate of interest. In therural areas it provides the loans to the poor people on low rate of interest. Credit cooperative society collects the fund from its members and also borrows theloan from the government. It has two kinds agricultural and non agricultural credit society. The liability of the members is unlimited.4. HOUSE BUILDING COOPERATIVE SOCIETY :-This society is formed generally in the urban areas. It protects and provides the houses facility to its members. It receives deposits from its members and obtains land for the construction of houses. It purchases the raw material for construction on low rates and provides to the members on no profit basis. It also provides the facility of gas, electricity, water and transportation.5. AGRICULTURAL COOPERATIVE SOCIETY OR COOPERATIVE FARMING SOCIETY :-This society enables the small farmers to employ improved methods of cultivation. Small farmers cannot use tractors, tube well and fertilizer due to small holding. In the agricultural countries it is very popular. These societies provide improved seeds irrigation facility and machines to the farmers to increase their per acre yield. It also takes interest to dispose of the product of the farmers.

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