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Cooperative societies raise capital through member contributions or share purchases, retained earnings, loans from financial institutions, and government grants or subsidies. They may also generate capital through profitable business operations and strategic partnerships.
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Hierarchy of the cooperative societies?
The hierarchy of the cooperative societies is usually very flexible. It usually depends on the type of the cooperative society. It is usually managed by a managerial team.
What is cooperative societies and the types of cooperative societies?
cooperative society is a voluntary association of people for their common economic development. Types: consumer cooperative producers cooperative market cooperative credit cooperative framing cooperative
Why did cooperative societies failed in Tanzania?
why coopertive failed in tanzania
Names of cooperative societies in Nigeria?
A cooperative societies or businesses are places where people can pay to have a share in a crop or livestock, as well as other products. They also help take care of the crop or livestock in turns. Some of these in Nigeria are: consumer cooperative society, thrift and credit cooperative society, retail and wholesale cooperative society.
What is cooperative bank?
Cooperative banks are governed by the provisions of State Cooperative Societies Act and meant essentially for providing cheap credit to their members. it is an important source of rural credit in India.
What has the author Cheng-Chun Lu written?
Cheng-Chun Lu has written: 'Landwirtschaftliche Beratung in Taiwan (1900-1981)' -- subject(s): Agriculture, Cooperative Agriculture, Cooperative societies, History, Societies
All cooperative societies are cooperation but not all cooperation are cooperative discuss?
Cooperation is broad meaning, actually cooperative societies are emerge for the real cooperation. Cooperation are defined by a systematic guidelines and manner. Specified manners by means of real cooperation are cooperatives and it would be universal one. However, cooperation among some beneficiaries may or may not necessary to be universal. Hence, all cooperative societies are cooperation but not all cooperation are cooperative discuss? - L N DhakalKathmandu
What is the cocoperative legislation in India?
The cooperative movement in India owes its origin to agriculture and allied sectors. Towards the end of the 19th century, the problems of rural indebtedness and the consequent conditions of farmers created an environment for the chit funds and cooperative societies. The farmers generally found the cooperative movement an attractive mechanism for pooling their meagre resources for solving common problems relating to credit, supplies of inputs and marketing of agricultural produce. The experience gained in the working of cooperatives led to the enactment of Cooperative Credit Societies Act, 1904. Subsequently, a more comprehensive legislation called the Cooperative Societies Act was enacted. This Act, inter alia, provided for the creation of the post of registrar of cooperative societies and registration of cooperative societies for various purposes and audit. Under the Montague-Chelmsford Reforms of 1919, cooperation became a provincial subject and the provinces were authorised to make their own cooperative laws. Under the Government of India Act, 1935, cooperatives were treated as a provincial subject. The item "Cooperative Societies" is a State Subject under entry No.32 of the State List of the Constitution of India. "In order to cover Cooperative Societies with membership from more than one province, the Government of India enacted the Multi-Unit Cooperative Societies Act, 1942. This Act was an enabling legislative instrument dealing with incorporation and winding up of cooperative societies having jurisdiction in more than one province. With the emergence of national federations of cooperative societies in various functional areas and to obviate the plethora of different laws governing the same types of societies, a need was felt for a comprehensive Central legislation to consolidate the laws governing such cooperative societies. Therefore, the Multi-State Cooperative Societies Act, 1984 was enacted by Parliament under Entry No. 44 of the Union List of the Constitution of India. "After India attained Independence in August, 1947, cooperatives assumed a great significance in poverty removal and faster socio-economic growth. With the advent of the planning process, cooperatives became an integral part of the Five Year Plans. As a result, they emerged as a distinct segment in our national economy. In the First Five Year Plan, it was specifically stated that the success of the Plan would be judged, among other things, by the extent it was implemented through cooperative organisations. "The All-India Rural Credit Survey Committee Report, 1954 recommended an integrated approach to cooperative credit and emphasised the need for viable credit cooperative societies by expanding their area of operation, encouraging rural savings and diversifying business. The Committee also recommended for Government participation in the share capital of the cooperatives. "In view of these recommendations, different States drew up various schemes for the cooperative movement for organising large-size societies and provision of State partnership and assistance. During 1960s, further efforts were made to consolidate the cooperative societies by their re-organisation. Consequently, the number of primary agricultural cooperative credit societies was reduced from around two lakh to 92,000.
What are the economic benefits of cooperative society?
One advantage cooperative societies have is the ability to share their resources. With more available as a community, they can overcome a lot of problems associated with scarcity.
When was the cooperative societies act first passed in India?
1st March, 1912
What has the author Y D Sheu written?
Y. D. Sheu has written: 'The financing of cooperatives and the method of financing farmers' associations in Taiwan' -- subject(s): Agriculture, Cooperative Agriculture, Cooperative societies, Finance, Societies
What has the author Brenda Stefanson written?
Brenda Stefanson has written: 'New generation co-operatives' -- subject(s): Agriculture, Cooperative, Case studies, Cooperative Agriculture, Cooperative societies, Investments
