Cooperative Society

Definition
• A co-operative society is often a
voluntary association of individuals who
come together with the intention to
work together and to promote their
economic interest. These societies work
on the principle of self-help as well as
mutual help.
Objectives
1:Promotion of cooperative movement.
2:To encourage and promote the growth
of co-operative societies.
3:Render services, not for profit.
4:Mutual help, not competition.
5:Self-help, not dependence.
Types
1.Consumer Cooperative
2.Producer Cooperative
3.Credit Cooperative
4.Housing Cooperative
5. Marketing Cooperative
Advantages
1.The products that are sold in the
cooperative societies are cheaper than
the market.
2.Members of the cooperative society
can get quick loans.
Disadvantages
1.Due to the association of members of
low income groups, the scope of raising
capital is limited.
2.It suffers from inefficiencies in
management.
Thank you