There are various types of co-operative societies, which vary in their nature of activities. Discuss any three such cooperative societies.
There are various types of co-operative societies, which vary in their nature of activities. Discuss any three such cooperative societies.
Three types of cooperative societies are explained below :
(i) Consumers Cooperative Society—The consumer cooperative society is formed to protect the interest of consumers. The members comprise of consumers desirous of obtaining goods quality products at reasonable prices. The society aims at eliminating middlemen to achieve economy in operations. It purchases goods in bulk directly from the wholesalers and sells goods to the members. Profits, if any are distributed on the basis of either then capital contribution to the society or purchases made by individual members.
(ii) Producers Cooperative Society—These societies are set up by small producers to protect their interest against large scale producers. The members comprise of producers desirous of procuring inputs for production of goods to meet the demands of consumers. The society aims to fight against the big capitalists and enhance the bar- gaining power of smaller producers. It supplies raw material, equipments and other inputs to its members and also buys their output for sale. Profits are distributed on the basis of their contribution to the total pool of goods produced or sold by the society.
(iii) Farmers Cooperative Society—These societies are established to protect the interests of farmers by providing better inputs at a reasonable cost. The members comprise of farmers who wish to jointly take up farming activities. The aim is to gain the benefits of large scale farming by solving the problem of fragmented land holdings and to increase the productivity. Such societies provide better quality seeds, fertilisers, machinery and other modern techniques for use in the cultivation of crops.
Three types of cooperative societies are explained below :
(i) Consumers Cooperative Society—The consumer cooperative society is formed to protect the interest of consumers. The members comprise of consumers desirous of obtaining goods quality products at reasonable prices. The society aims at eliminating middlemen to achieve economy in operations. It purchases goods in bulk directly from the wholesalers and sells goods to the members. Profits, if any are distributed on the basis of either then capital contribution to the society or purchases made by individual members.
(ii) Producers Cooperative Society—These societies are set up by small producers to protect their interest against large scale producers. The members comprise of producers desirous of procuring inputs for production of goods to meet the demands of consumers. The society aims to fight against the big capitalists and enhance the bar- gaining power of smaller producers. It supplies raw material, equipments and other inputs to its members and also buys their output for sale. Profits are distributed on the basis of their contribution to the total pool of goods produced or sold by the society.
(iii) Farmers Cooperative Society—These societies are established to protect the interests of farmers by providing better inputs at a reasonable cost. The members comprise of farmers who wish to jointly take up farming activities. The aim is to gain the benefits of large scale farming by solving the problem of fragmented land holdings and to increase the productivity. Such societies provide better quality seeds, fertilisers, machinery and other modern techniques for use in the cultivation of crops.
