Question

where did cooperative sector locate in india
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Answer 1

Answer:

The Cooperative Societies can be defined as 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". India is an agricultural country and laid the foundation of World’s biggest cooperative movement in the world. The need for profitability is balanced by the needs of the members and the wider interest of the community, the Cooperative Movement was started by the weaker sections of society for protecting its members from the clutches of profit hungry businessmen. Here, we are giving a brief summary of the Cooperative Movement and Cooperative Societies in India for general awareness.