Features of a Cooperative Society – With 2 Distinct Characteristics of the Constitution Exemplified by a Cooperative Society. Cooperative Agriculture: Its objective is to increase the size of arable land by forming a cooperative society by a group of farmers. Within a cooperative structured society in its original tribal form, jobs are allocated and resources are exchanged among each other and trading is only done with external communities. Too much dependence on the government also led to its failure. Cooperative stores save people’s money by providing them with the right kind of goods at a reasonable price and curb arbitrary price collection by traders. Poverty alleviation: Creating the consciousness and operates the movement among the low earner people of the society, remove the poverty among these mass people. Cooperative marketing institutions have helped many get out of the clutches of money lenders and protect them from the exploitation of middlemen. Despite large scale government support, the cooperative movement in independent India could not achieve the success which the cooperative movement achieved in European countries like Denmark and Sweden. Is a beneficial form of society for the society as a whole. Cooperative societies are important in order to help organize mutual benefits. The society has provided many facilities for these works. As a result, they sell their products to the middlemen at a lower price against optimum price. Without active co-operation of fellow beings, a man cannot lead a happy and comfortable life. In Cooperative society members are provided with better good and services at reasonable prices. Minimum 10 adults are needed to form a cooperative society. Even after working hard, they were not getting the full results of their hard work. A cooperative society enjoys perpetual succession. Cooperative organisations are formed to serve their members. The solution of unemployment problem: Cooperative society elves the direction to exploit the profession. She is a blogger and a proud nature lover, looking to find fun-filled solutions out of problems. Lander Cooperative Society: Its purpose is to provide financial assistance to poor and middle-class people in the form of loans. Cooperatives enable smallholders in partner countries to market products together and get a stronger voice in the global supply chain. This committee is formed to help the members who need lands and houses. The cooperative movement is mainly the movement of the poor. Members usually try to take unnecessary benefits. So, in sum, a co-operative society: Is a society where everyone works together for a good purpose. Creating a habit of savings and formation of capital: Cooperative society creates the curiosity of caving money in the lower level people of the society which has a great positive impact on the entire country. In this way, the yield can be increased by using modern equipment in agriculture. The feeling of brotherhood and a tendency to work together has grown among the members of these societies. Cooperative society has a great role to operate such campaign. Prachi Hajare. It, in turn, helps them to face their problem on their own. Cooperative societies encourage the habit of savings and thrift among their members. As it is for community service, it does not black marketing and hoarding. Studies show that peer learning in which students explain concepts and ideas to each other has the potential to improve comprehension considerably. A cooperative society is a voluntary organisation of individuals who are mostly workers and small producers. The cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members. • To enable the people themselves to create efficient management of their bank. Cooperation is important because it allows people and groups to work together to achieve a common goal or derive mutual benefits. It works to improve the problems of Indian farmers so that they can get facilities for storage, loans, etc. In this perspective, the cooperative has a great importance with a view to peace, prosperity, and social development in developing country. Hence, the death, insolvency, retirement, lunacy, etc., of the members do not affect the perpetual existence of a cooperative society. What are Some Disadvantages of a Cooperative Society? Its objective is to increase the size of arable land by forming a cooperative society by a group of farmers. Members can get easy loans from the government. Most of the problems are related to the framework of cooperatives. The society is managed by the members who are unanimously elected through ballot process. It played a very crucial role in rural development .It affects the country for developing process. The society also provides financial help to its members < the concessional rates. To get rid of such kind of malpractice cooperative society takes steps strongly. Housing Cooperative Society: This committee is formed to help the members who need lands and houses. The Project has two primary goals: To analyze the hypothesis that humans may be on the threshold of a new historical stage: one characterized by cooperation, democracy, the equitable distribution of resources, and a sustainable relationship with nature. Q4. They can invest that amount in some work which is beneficial for them. The word cooperative means working together and with others for a common purpose. This is one of the most prominent objectives of all co-operative societies. Pro Lite, Vedantu Most of the committees were limited to giving loans only. In a number of ways, cooperatives play important role in global and national economic and social development. Cooperative societies changed the appearance of agriculture credits, and the impact of traditional moneylenders was reduced. The expenses for the maintenance of accounts and management is minimal as members work on their own without being paid. Its purpose is to purchase goods directly from the manufacturer and deliver it to the consumers at a reasonable price. Cooperatives are democratically owned by their members, with each member having one vote in electing the board of directors. Cooperative milk laboratories collect milk from the villages and sell it in cities and provide the members with the right price for their milk. Creation of loan facility: It creates a lot of scopes due to ensure loan facility in order to emancipate to the members from the greedy lenders. Distressed by the plight of workers, Owen began to work for the benefit of the community by making cooperation the basis. Cooperative society was originated from the word of co-operating which indicates assistance. Similarly, Cooperative Housing Societies provide cheap houses to the people. Following are the Types of Cooperative Societies: This committee is more popular. Most of the committees were limited to giving loans only. The answer is many! The cooperative movement has contributed significantly to the development of rural areas. Its purpose is to purchase goods directly from the manufacturer and deliver it to the consumers at a reasonable price. The legal formalities are bare minimum. Robert Owen, a social reformer of England, worked to improve the lives of the working class. It helps to the members of society and tries to remove sorrows, brings strong unity, welcome peace, and prosperity in the society. By 1930, the cooperative movement spread rapidly throughout India, and the number of cooperatives at that time was 30. Their milk privileged class creates a lot of new projects which remove unemployment of socio-economic change thereby... 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