Types of Cooperative Societies
Cooperative organisations are set up in different fields to promote the economic well-being of different sections of the society. So, according to the needs of the people, there are different types of cooperative societies in India.
Consumers’ Cooperative Societies: These societies are formed to protect the interest of consumers by making available consumer goods of high quality at reasonable price.
Producer’s Cooperative Societies: These societies are formed to protect the interest of small producers and artisans by making available items of their need for production, like raw materials, tools and equipment, etc.
Marketing Cooperative Societies: To solve the problem of marketing the products, small producers join hands to form marketing cooperative societies.
Housing Cooperative Societies: To provide residential houses to the members, housing cooperative societies are formed generally in urban areas.
Farming Cooperative Societies: These societies are formed by the small farmers to get the benefits of large-scale farming.
Credit Cooperative Societies: These societies are started by persons who are in need of credit. Credit Co-operative Societies accept deposits from the members and grant them loans at reasonable rate of interest
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