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7 views1 page

Untitled Document

English noted

Uploaded by

CHARAN REDDY M
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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3. Explain the types of co-operative societies.

(i) Consumer’s cooperative societies: The consumer cooperative societies are formed to
protect the interests of consumers. The members comprise of consumers desirous of
obtaining good 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, thereby eliminating the middlemen.
(ii) Producer’s cooperative societies: These societies are set up to protect the interest of
small 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 bargaining
power of the small producers. It supplies raw materials, equipment and other inputs to the
members and also buys their output for sale. Profits among the members are generally
distributed on the basis of their
contributions to the total pool of goods produced or sold by the society.
(iii) Marketing cooperative societies: Such societies are established to help small
producers in selling their products. The members consist of producers who wish to obtain
reasonable prices for their output. The society aims to eliminate middlemen and improve
competitive position of its members by securing a favourable market for the products.
(iv) Farmer’s cooperative societies: 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 and increase the productivity. Such
societies provide better quality seeds, fertilisers, machinery and other modern techniques for
use in the cultivation of crops. This helps not only in improving the yield and returns to the
farmers, but also solves the problems associated transportation, warehousing, packaging,
etc., to sell the output at the best possible
price.
(v) Credit cooperative societies: Credit cooperative societies are established for providing
easy credit on reasonable terms to the members. The members comprise of persons who
seek financial help in the form of loans.
(vi) Cooperative housing societies: Cooperative housing societies are established to help
people with limited
income to construct houses at reasonable costs. The members of these societies consist of
people who are desirous of procuring residential accommodation at lower costs. The aim is
to solve the housing problems of the members by constructing houses and giving the option
of paying in instalments.

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