Question

Prepare a note on ‘Features of cooperative society’, to be presented in your online class ​

Answer 1

Explanation:

A cooperative society is not a new concept. It prevails in all the countries, this is almost a universal concept. The cooperative society is active in all countries worldwide and is represented in all the sectors including agriculture, food, finance, healthcare, etc.

To protect the interest of weaker sections, the co-operative society is formed. It is a voluntary association of persons, whose motive is the welfare of the members.

Answer 2

Explanation:

Everything you need to know about the Features of Cooperative Society. Cooperative society form of organisation has emerged as a consequence of industrial revolution which led to proliferation of industrial activities.

This also led to the emergence of two distinct classes in the society, industrialist and labour. Industrialists used to exploit labour and other weaker sections of the society.

To protect the interests of the weaker sections of the society, the concept of cooperation emerged which has the motto, ‘each for all and all for each’ and ‘self- help through mutual aid’.

Some of the features of a cooperative society are:-

1. Voluntary Association

2. Equal Voting Rights

3. Separate Legal Entity

4. Service Motive

5. Distribution of Surplus

6. State Control

7. Elimination of Middlemen

8. Cash Trading

9. Audit

10. Principle of Self and Mutual Help 11. Democratic Management 12. Perpetual Existence 13. Open Membership 14. One Man One Vote 15. Perpetual Existence 16. Spirit of Co-Operation 17. Capital Raising 18. Registration 19. Management of Affairs of Co-Operative

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