IVE

SOCIET
Y
By Shristi Mishra
11 B 33
 ACKNOWLEDGEMENT
“
I would like to express my special thanks of gratitude to my
teacher Mrs. Kajol Sahu who gave me the golden opportunity
to do this wonderful project on the topic Cooperative Society,
which also helped me in doing a lot of research and taught us
so well.
Secondly I would also like to thank slidesgo for allowing me
to freely download the template for the project and google to
be a link between all research sites.
Thank You ! 
2
 INDEX
Sr.No. Particulars Page No. Signature

1. Introduction to Co-operative Society 4

2. Objectives of Co-operative Society 5

3. Characteristics of Co-operative Society 6-9

4. Types of Co-operative Society 10-13

5. Examples of Co-operative Society 14-15

6. Future Prostpects of Co-operative Society In India 16-17

7. Bibliography 18
 CO-OPERATIVE
SOCIETY
‐ A cooperative society is a form of organisation where in people associate
together voluntarily associate together on the basis of equality for the
promotion of economic interests.
‐ It is based on the principles of self help and mutual help and it’s primary
motive is to render service to the members.
‐ For example, consumers may join hands to procure goods at cheaper rates
by establishing direct contacts with manufacturers and thereby
eliminating the profits of middlemen.
‐ Similarly, people belonging to the working class may form a cooperative
society to provide houses at low costs to the members.
4
 COOPERATIVE
SOCIETY
The primary motto of any Cooperative Society is to refine the economic
condition of its members. Thereby, it accentuates on better business and
better living by carrying out operations that serve to the common economic
interest and benefits to the members. Following are the objectives of
cooperation:
- To develop cooperation, self-respect, and self-reliance amongst the members.
- To buy and produce quality goods, tools, equipments, and raw materials to
the end customers and practice transparent and fair business dealings.
- To associate with Government and other organizations of similar business &
undertake those activities that caters to the welfare and well-being of the
members and society.
- To promote unity amidst the members 5 and remove any sort of internal
competition.
 CHARACTERISTICS OF
CO-OPERATIVE
1. Voluntary Association :
A Cooperative Society is a voluntary association of people having

SOCIETY
common interest of improving their economics status through joint
action. He can also leave the society after giving proper notice and
withdraw his capital but cannot transfer his share to another person.

2. Religious & Political Neutrality :

The membership of cooperative societies open to all it respective of caste,
creed, religion or political affiliation representing universal brotherhood.
New members are always welcome to join the society.

6
3. Separate Legal Entity :
After registration cooperative society becomes a distinct body
independent of its members. It becomes an autonomous and self
governing organisation and can own property and make contracts in its
own name.

4. One-Man One-Vote:
Every member has one vote it respective of the number of shares help by
him. Cooperative society is democratic and all members have equal voice
in its management.

5.Service Motive :
The primary aim of cooperative societies to provide service to its
members and motto is ‘each for all and all for each’. Cooperative society
7
may earn some profits for the benefits of its members.
6. Disposal of Surplus :
The surplus of cooperative society is not distributed among the members
in proportion to the capital. According to law, at least one fourth of the
profits must be transferred to general reserve and not exceeding 10%
maybe utilised for the welfare of locality in which society is functioning.
Profits are utilised for the benefit of its members and local community.

7. Limited Return on Capital :

A dividend not exceeding 10% can be paid to members on capital. The
members are assured of a fixed return on their investment.

8. Cash Trading :
A cooperative society sells goods on cash basis. Cash trading provides
protection against bad death and maintains working capital. An exception
maybe made in case of members. 8
9. Perpetual Existence :
After registration cooperative society enjoys perpetual existence as it is
created by law and only law can dissolve it.

10. State Control :

Every corporate society must be registered under Cooperative Society
Act, 1912 or respective state cooperative laws. It is required to observe
prescribed rules and regulations. Government exercises supervision and
control over cooperative society to ensure their proper functioning.

9
 1. Consumers’ Cooperative Society :
It is formed by consumers to obtain the daily requirements at reasonable
prices. It buys good directly from manufacturers and wholesalers to
eliminate profit of middleman and protects lower and middle class people
from exploitation of profit hungry businessman. Profits are distributed
among members in the ratio of purchases made by them during the year.
They work mainly in urban areas in India. Example Super Bazar (under
control of government).

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 2. Cooperative Farming Societies :
It is a voluntary association of small farmers who joined together to obtain economies of
large scale farming. As in India we have small land holdings and farmers are weak
economically they pool lands and do farming collectively with the help of modern
technology to maximize agriculture output by combining land and increasing the
productivity by providing better quality seeds, fertilizers, machinery and other modern
techniques. They protect the interest of farmers by providing better inputs at reasonable
costs. The members comprise farmers who wish to jointly take up farming activities. E.g.
Indian Farmers Fertiliser Cooperative Limited.

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 3. Producers Cooperatives :
It is a voluntary association of small producers and artisans who joined hands to
face competition and increase production.
They are of 2 types :
I. Industrial Service Cooperatives :
Producers work independently and sell their industrial output to co-operative
society. Cooperative society undertakes to supply raw materials, tools and
machinery to members. The output of the members is marketed by the society.
II. Manufacturing Cooperatives :
Producer members are treated as employees of society and our paid wages for the
work. They provide raw material and equipment to every member. The members
produce goods at common place or in the houses. They sell output in the market and
profits are distributed among members.
 4. Marketing Cooperatives :
It is a voluntary association of independent producers who want to sell their output at
remunerative prices. The output is pooled and sold through a centralised agency to
eliminate middleman. The sale proceed are distributed among members in the ratio of
their outputs. As a central sales agency it may also perform marketing functions like
grading and packaging, warehousing and transport. It is set up by farmers, artisans
and small producers who find it difficult to face competition in the market and to
perform necessary marketing functions individually. Eg. NAFED-National Agriculture
Cooperative Marketing Federation.

14
 5. Housing Cooperatives :
It is formed by low and middle income group of people in urban areas to have a
house of their own. They are of different types like they acquire land and give
clothes to members for constructing their own houses or arrange loans from
financial institution and government agencies for constructing houses and allow
the members who make payments in installments.

15
 6. Credit Cooperatives :
They are formed by poor people to provide financial health, develop habit of saving
and protect from exploitation of money lenders charging very high rates. It is found
in urban and rural areas. In urban areas non agricultural society or urban banks of a
credit facilities to members for household needs. In rural areas agricultural credit
society provide loans to members mainly for agriculture activities.Eg Adarsh
Cooperative Society
Examples of
cooperative
society
18
 Name
The Word AMUL stands for Anand Milk Union Limited.
Form of Business
It is an Indian dairy state manufacturing producers cooperative society.
Registered Office
Its registered Office is in is an Indian dairy state government cooperative society,
based at Anand, Gujarat.
Year of Inception
It was formally registered on December 14, 1946.
Yearly Approximate Turnover
Rs. 46,481 Crores(2021-22)
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20
 APNA BAZAAR
Name
Apna Bazar, the synonym for the household consumables needs.
Form of Business
It is an consumers’ cooperative society.
Registered Office
Its registered Office is in 106-A, Govindji  Keni Road, Naigaon, Dadar
(E),Mumbai-400 014.
Year of Inception
Apna Bazar Stores Private Limited was incorporated on 18 August 2012.
Yearly Approximate Turnover
Apna Bazar Co-op. is the largest retailer in the country, with an Annual
Turnover of Rs.96 Crores21 through 22 retail outlets
22
 Name
National Agricultural Cooperative Marketing Federation of IndiaLtd.
(NAFED) 
Form of Business
Nafed is registered under the Multi State Co-operative Societies Act. It is an
marketing cooperative society.
Registered Office
Its registered Office is NAFED House, Siddhartha Enclave, Ring Road,
Ashram Chowk,New Delhi-110014
Year of Inception
NAFED was established on 2nd October 1958.
Yearly Approximate
23 Turnover
Rs.1,628,098.35(2020-2021)
24
 Name
Adarsh Credit Co-operative Society (ACCS)
Form of Business
Credit Cooperative Societies, Financial Services
Registered Office
1-251/1, M.P.R. Complex, P-I, IDA Jeedimetla, Medchal, Hyderabad–500 055
Year of Inception
It has been in operation since 1972.
Yearly Approximate Turnover
57.81 Crores as on 31-03-2022
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26
 Name
Indian Farmers Fertiliser Cooperative Limited (IFFCO)
Form of Business
Farmers Cooperatives
Registered Office
 IFFCO is headquartered in New Delhi, India. 
Year of Inception
3 November 1967
Yearly Approximate Turnover
27,837 crores INR (US$3.7 billion, 2020–2021)
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28
 Name
Tilak Nagar Jwala/Ujjwala Co-operative Housing Society Limited
Form of Business
Cooperative Housing Society
Registered Office
 B wing ground floor, Bldg. no. 90, Tilak nagar
Year of Inception
1st Jan 2010

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Future Prospect of Cooperative Society In
India
According to me, people in India and abroad have more individualistic
approach than a society where it will benefit everyone. The profit
margin is not attractive to approach more investors or members.
People are not being physically social these days which may affect the
formation of such societies.
Due to the increasing privatization, India will lessen its approach
towards unions and move to sole proprietorship or partnership where
there is high profit margin or no profit sharing. USA is one of the best
examples of this.
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In spite of all these cooperative society has been growing or is being
doubled but still according my thinking the future of cooperatives
after 10 to 15 years is bleak and will decline after some years.

31
1.
2.
www.google.com
www.Wikipedia.com
“
Bibliography

3. ISC Commerce Class 11 Textbook by Dr. C B Gupta

4. http://ignited.in/a/2792
5. https://www.business-standard.com/article/finance/statsguru-performan
ce-and-challenges-of-co-operative-sector-in-india-121072500890_1.ht
ml
6. https://amul.com/m/talk-to-us

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 CO-
OPERATIVE
OPERATIVE
SOCIETY
SOCIETY
By Shristi Mishra 11
By ShristiB Mishra
33 11
B 33