What is meant by cooperative organization? Explain any two types of cooperative organization.
What is meant by cooperative organization? Explain any two types of cooperative organization.
Cooperative organization is a society which has its objectives for the promotion of economic interest of its members in accordance with cooperative principles'. In other words, a society is a voluntary association of persons who join together with the motive of welfare of the members. Two types of cooperative organizations are :
(i) Farmers' Cooperative Societies: These societies are formed to protect the interests of the farmers. The members are those farmers who want to carry on farming activities jointly. The basic purpose of forming these societies is to obtain benefits of large-scale farming thereby increasing the productivity. These societies provide better quality seeds, fertilizers, manures and other equipment for use in the cultivation of crops. These societies help the farmers in solving the problems of doing farming on fragmented holdings.
(ii) Cooperative Housing Societies: These societies are formed to help their members to construct houses at reasonable costs. These societies either construct flats or provide plots to the memebers at reasonable rates. The members are allowed to pay for the same in easy instalments.
Cooperative organization is a society which has its objectives for the promotion of economic interest of its members in accordance with cooperative principles'. In other words, a society is a voluntary association of persons who join together with the motive of welfare of the members. Two types of cooperative organizations are :
(i) Farmers' Cooperative Societies: These societies are formed to protect the interests of the farmers. The members are those farmers who want to carry on farming activities jointly. The basic purpose of forming these societies is to obtain benefits of large-scale farming thereby increasing the productivity. These societies provide better quality seeds, fertilizers, manures and other equipment for use in the cultivation of crops. These societies help the farmers in solving the problems of doing farming on fragmented holdings.
(ii) Cooperative Housing Societies: These societies are formed to help their members to construct houses at reasonable costs. These societies either construct flats or provide plots to the memebers at reasonable rates. The members are allowed to pay for the same in easy instalments.
