how the cooperative societies get State patronage?
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Explanation:
A patronage dividend is a dividend or distribution that a co-operative pays to its members or investors. Patronage dividends are given based on a proportion of profit that the business makes.
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The average balance that is used by the Patronage Dividend tool is computed by adding the member's daily balances and dividing by the number of days they were active (meaning the account was open) in the month.
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