Question

Which sector is mainly served by the co-operative societies in india?

Answer 1

Prior to that in state of Baroda, an 'Anyonya Sahakari Mandali' was organized in 1889, which is said to be India's first cooperative arrangement. In 1904, Cooperative Credit Societies Act, was enacted. This act gave the impetus to the Cooperative Movement in India.

Answer 2

The farming sector is mainly served by the co-operative societies in India.

Explanation:

• The cooperative societies play a vital role in the farming and agricultural sector in India.  

• The cooperative societies help with the planning, promoting and financing the agricultural sectors the farmers are able to take the help of these cooperative societies for buying the agricultural machinery, implements, fertilizers, helping with technical advice on agricultural production and many other facilities.  

• The farmers are able to improve their production with the help of these societies that provide them with all required help financially and by other methods.

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