Question

What are the types of cooperatives according to the Cooperative act 2001?

Answer 1

Types of Cooperatives

* Producer Cooperatives. Members are engaged in production in separate enterprises

such as farms, artist studios, or fishing boats.

* Worker Cooperatives. These businesses are owned by some or all of the workers.

* Consumer Cooperatives.

* Credit Unions.

* Retail or Purchasing Cooperatives.

* Social Cooperatives.