Define cooperatives and mention some of its famous examples.
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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.