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  • Types and Characteristics of Cooperative Societies

    Transféré par

    Guruprasad Patel
    98 vues5 pages
    A cooperative society is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs through a jointly-owned and democratically controlled enterprise. There are many types of cooperative societies including housing, retailers', business, social, consumers', agricultural, and cooperative banking. Cooperative societies have characteristics such as open membership, voluntary association, democratic management, service motive, and self-help through mutual cooperation. In India, cooperative banks finance both rural areas like farming and cattle as well as urban areas like self-employment and small industries. The cooperative banking structure in India includes primary urban banks, primary agricultural credit societies, district central banks, state cooperative banks, and land development banks.

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    Cooperative Society

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    A cooperative society is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs through a jointly-owned and democratically controlled enterprise. There are many types of cooperative societies including housing, retailers', business, social, consumers', agricultural, and cooperative banking. Cooperative societies have characteristics such as open membership, voluntary association, democratic management, service motive, and self-help through mutual cooperation. In India, cooperative banks finance both rural areas like farming and cattle as well as urban areas like self-employment and small industries. The cooperative banking structure in India includes primary urban banks, primary agricultural credit societies, district central banks, state cooperative banks, and land development banks.

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    98 vues5 pages

    Types and Characteristics of Cooperative Societies

    Transféré par

    Guruprasad Patel
    A cooperative society is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs through a jointly-owned and democratically controlled enterprise. There are many types of cooperative societies including housing, retailers', business, social, consumers', agricultural, and cooperative banking. Cooperative societies have characteristics such as open membership, voluntary association, democratic management, service motive, and self-help through mutual cooperation. In India, cooperative banks finance both rural areas like farming and cattle as well as urban areas like self-employment and small industries. The cooperative banking structure in India includes primary urban banks, primary agricultural credit societies, district central banks, state cooperative banks, and land development banks.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 5

    Cooperative Society

    autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democraticallycontrolled enterprise.
    -International Co-operative Alliance (ICA)

    An

    Types of Cooperative Societies

    Housing cooperative Building cooperative Retailers' cooperative Business and employment co-operative Social cooperative Consumers' cooperative Agricultural cooperative Cooperative banking (credit unions and cooperative savings banks)

    Characteristics of Cooperative Society


    Open membership Voluntary Association State control Sources of Finance Democratic Management Service motive

    Separate Legal Entity


    Distribution of Surplus Self-help through mutual cooperation

    Cooperative Banks in India

    Cooperative banks in India finance rural areas under: Farming Cattle Milk Hatchery Personal finance Cooperative banks in India finance urban areas under: Self-employment Industries Small scale units Home finance Consumer finance Personal finance

    Cooperative Banking Structure in India

    The co-operative banking structure in India is divided into following main 5 categories : 1. Primary Urban Co-op Banks 2. Primary Agricultural Credit Societies 3. District Central Co-op Banks

    4.State Co-operative Banks


    5. Land Development Banks

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