wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Define cooperatives and mention some of its famous examples.

Open in App
Solution

Instructions: Establish the meaning of cooperatives and mention some of the classical examples of cooperatives in India.

Solution:
  • Cooperative is an organisation owned and controlled by a group of people to meet their common economic and social needs.
  • In Tamil Nadu, 94% of the fair price shops are run by cooperatives.
  • The Academy of Development Science or the ADS in Maharashtra has been facilitating NGOs to set up grain banks in different regions of the state.
  • The Academy of Development Science or the ADS organises training and capacity building programmes for NGOs with regards to ensuring food security in Maharashtra.
  • Amul, a Gujarat based cooperative, sells dairy products.
  • The Punjab State Cooperative Milk Producers Federation Limited (MILKFED Punjab) is well known for milk production and manufacturing of fresh milk products in Punjab.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
VS1
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon