Write a short note on Cooperative Society.
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cooperative society means all the people in that societies help each other to solve the problems of the people
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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.
The cooperative society works on the principle of mutual help & welfare. Hence, the principal of service dominates it’s working. If any surplus is generated, it is distributed amongst the members as a dividend in conformity with the bye-laws of the society.
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