how does the co- operative benifit the people in india?
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in Cooperative sector the people with the producers and the consumers join join to control the industries and this is very helpful the people because Cooperative are very successful in India and they also provide many prophets
Sumanrasha:
The first thing cooperative societies do to individual members is development of savings culture. It is an age long established fact that nobody can escape poverty without a savings habit. Anybody that spends everything on consumption is just a step away from poverty and its various consequences, no matter how rich the person is today. The story of the prodigal son is instructive in this regard.
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The co-operative societies are governed by the Society Act where as A Private company are govern by the companies Act.Co operative society is formed by people of similar interest.
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