Question

Answer the following questions:
Mention the different types of co-operative societies.

Answer 1

A cooperative society is an autonomous group of persons or group of association who united voluntarily to meet their common economic and social needs, goals and aspirations through a jointly-owned and democratically-controlled enterprise. The different types of cooperative society are:

Consumers cooperative society

• Producers cooperative society:
  (a) Industrial service cooperative society
  (b) Manufacturing cooperative society.
  
  Marketing Cooperative society
  Cooperative Farming Society
  Housing Cooperative society
  Credit Cooperative society.