what is a co operation society
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A co-operative society is a voluntary association of individuals having common needs who join hands for the achievement of common economic interest. Its aim is to serve the interest of the poorer sections of society through the principle of self-help and mutual help. ... Nobody joins a cooperative society to earn profit.
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Hi buddy,
Here is your answer,
➝ Question:-
- What is a co operation society?
➝Answer:-
- A co-operative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
➝More info:-
- These societies are formed by small farmers to work jointly and thereby enjoy the benefits of large-scale farming
- For example:Village Service Co-operative Society and Urban Cooperative Banks are examples of co-operative credit society
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