Co operative

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Co operative

  1. 1. CO-operative societies
  2. 2. Introduction • The cooperative movement can be traced back to about 150 years. • It was a consumers cooperative society. • The father of cooperative movement was ROBERT OWEN. • A comprehensive act was brought again in the year 1912 covering the formation, management and regulation of the co-operative societies.
  3. 3. Definition • The Indian cooperative societies act, 1912 defines a co- operative enterprise as ,”A society which has its objectives for promotion of the interests of its members in accordance with the principles of co-operation.
  4. 4. Principles of co-operation • Voluntary organisation • Equality • Plural membership • Limited return on capital • Registration • Corporate status • Mutual help
  5. 5. merits • Easy formation • Unlimited membership • Tax concession • Government help
  6. 6. demerits • Limited capital • Lack of co-operation • No credit facility • Inefficient management
  7. 7. Types of co-operative I. Credit societies Agricultural credit societies Non agricultural credit societies II. Non-credit societies Agricultural non-credit societies Non-Agricultural non-credit societies
  8. 8. I. Credit societies • They are voluntary association of people with moderate. • They are formed with the object of giving short-term finance to members. • In this way the co-operative society protects its members from the clutches of the money lenders.
  9. 9. Agricultural credit societies • It is the credit society, organised mostly by agriculturists of a village. • They provide loans to its members for various productive and unproductive purposes relating to agriculture. • It is also called as primary societies or rural credit societies.
  10. 10. Non agricultural credit societies • It is formed by people living in towns and cities. • Their aim is to provide loans to members for productive purposes. HOME
  11. 11. II. Non-credit societies • These societies are considered to be a solution for many economic problems. • They are formed in different areas of economic life of men.
  12. 12. Agricultural non-credit societies • These societies have helped members of limited means to secure loans at low rate of interest. • They are assisting the members in marketing, farming,and industrial services.
  13. 13. Non-agricultural non-credit societies • They are formed in order to assist the middle and lower income of groups. • Their main aim is for rendering different types of service to their members at nominal rates of interest.
  14. 14. Thank you

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