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Ali Hossain AFC270 Quiz PDF
Ali Hossain AFC270 Quiz PDF
Bangladesh
Course Title: Agricultural Cooperative
Course code: AFC 270
Faculty of Agricultural Economics & Rural Development
An Assignment on
Quiz
Date : 26.08.2020
Submitted To Submitted By
Md. Ibrahim Kholilullah Ali Hossain
Lecturer Reg. No: AECW2018000669
Department of Agricultural Finance & Faculty of Agricultural Economics
Co-operative and Rural Development
1 Cooperative 3
2 History of 3
cooperative society
7 Conclusion 12
8 Reference 12
1.Cooperative: A co-operative is an autonomous association of people
united voluntarily to meet their common economic, social and cultural needs
and aspirations through a jointly owned and democratically controlled business
A cooperative society is not a new concept. It prevails in all the countries, this is
almost a universal concept. The cooperative society is active in all countries
worldwide and is represented in all the sectors
including agriculture, food, finance, healthcare, etc. To protect the interest of
weaker sections, the co-operative society is formed. It is a voluntary association
of persons, whose motive is the welfare of the members.
3.Types of cooperatives:
>Credit Unions
Credit unions, as with all co-ops, come in all sizes--from a single facility with a few score
members to huge, multi-branch operations that cover lots of territory and employ many
local people. Community development credit unions are a special category created by the
industry to specifically serve lower income communities.
Still another type of consumer co-op sometimes given its own category is the retail or
purchasing cooperative, sometimes called a shared service cooperative. Many of these co-
ops are owned and governed by independent business owners.
Best Western Hotels, True Value, ACE Hardware and Carpet One/CCA Global Partners are
independently owned businesses that have formed national and international cooperatives
to purchase goods and services at rates that will keep their bottom lines in the black. But
there are also many successful smaller operations such as a group of independent business
consultants or attorneys who want to buy office supplies, insurance, or other products and
services together. Some municipalities and even state governments have joined together to
own their own electricity, water or telecommunications utilities as well as to buy business
services and so forth cooperatively.
What unites all of these co-ops is that they seek to improve their efficiencies and/or market
competitiveness by bulk buying a broad range of goods and services.
>Social Cooperatives
This type of cooperative has a social mission beyond service to its members. It may have to
do with improving working conditions for immigrant women, such as the co-ops formed by
WAGES (Women's Action to Gain Economic Security), or it may have to do with providing
alternative health services at affordable costs to their community, as the Third Root
Community Health Center does in Brooklyn. Owned and governed by worker or consumer
members, the co-op also may have a non-profit social mission. Here in Austin College
Houses, the Inter-Cooperative Council, and Community Housing Expansion of Austin are all
non-profit cooperatives.
>Producer Cooperatives
This refers to people engaged in production in separate enterprises, whether these are
farms, fishing boats, forests, artists’ studios or craft workshops. The co-op members are the
independent producers and they may cooperate in many possible ways. They may buy farm
inputs, equipment and insurance, hire managers and sales people, market and advertise
together or operate storage facilities, processing plants or a distribution network.
>Worker Cooperatives
Many worker co-ops are fairly small and have no separate boards of directors - everyone
takes a direct role in policy making and other governance functions. Typical examples are
print shops, copy centers and bookstores, small manufacturing, construction and
engineering firms, homecare and daycare professionals, restaurants and bakeries, auto
repair shops and groups of artists or artisans.
A few worker co-ops attain sizable memberships. Cooperative Home Care Associates,
founded in 1985 in New York City's Bronx, now anchors a national cooperative network
creating quality jobs for over 1,600 individuals, most of whom are women of color.
>Consumer Cooperatives
These businesses are owned and governed by people who want to buy from the co-op.
Consumers can create a cooperative to provide pretty much anything they want to buy.
Their purchases may include groceries, electricity or telephone service, housing, healthcare,
or—under the label of credit unions--financial services. The co-ops can be tiny or immense:
a single artist’s dwelling or a high rise with hundreds of apartments, a small food-buying
club in a rural village or a multi-million dollar supermarket in a bustling city.
4.Co-Operative Organization in Bangladesh:
Financial institution
Dhaka
Janata Bank Limited | Bangla Motor Branch
Public sector bank
Dhaka
The Co-Operative Credit Union League Of Bangladesh
Credit union
Dhaka
The Dhaka Mercantile Co-operative Bank Ltd.
Bank
Chattogram
FAS Finance & Investment Limited
Financial institutio
Hajj Finance Company Limited
Financial institution
Dhaka
The Dhaka Mercantile Co-operative Bank Ltd.
Bank
Chattogram
The Dhaka Mercantile Co-operative Bank Ltd.
Bank
Chattogram
Bank
Dhaka
The Christian Co-o Closed perative Credit Union Limited Monipuripara Branch
Credit union
Dhaka
The Christian Co-Operative Credit Union Ltd, Dhaka
Credit union
Dhaka
So that, can publish or settle a proper business. Need help from cooperative to
do this. Refer to my capital reserve plan and figure out what need and want to
do. Try to include at least one nice-to-have among the priorities because my
members need roses, as well as bread. I know from my reserve plan how much
money I’ll need each year for capital work, so decide to save or borrow it and
adjust my budget to reflect my decision.
7.Reference:
➢ https://en.m.wikpedia.org
➢ www.scribd.com
➢ www.google.com
➢ https://en.banglapedia.org
➢ https://study.edu