22 The important of finance in cooperative business. It should be noted that the life parterns of various communities in the country.

Cooperative Society Definition Characteristics Principles Advantages Limitations

Local Government Cooperative Society can play vital role to bring forming within the framework of Cooperative Society and can minimize the role of middlemen of marketing agricultural products of Bangladesh.

What are the roles of cooperative societies. The paper posits that for over 160 years now cooperatives have been an effective way for people to exert control over their economic livelihoods as they play an increasingly important role in facilitating job creation economic growth and social development. The paper is a descriptive survey which involves the collection of data for the purpose of describing the role of cooperative societies in economic development. By their very nature cooperatives play a triple role.

Study finding revalted that majority farmers did not have any knowledge about farmers Cooperative Society in this regard. 23 The contribution of cooperative societies towards the output growth. Cooperative society plays an important role in mental improvement by teaching moral principles like unity trust honesty order cooperation which ensure social order.

Cooperatives serve their members most effectively and strengthen the Cooperative Movement by working together through local national regional and international structures. The cooperatives are formed to secure low cost credit to purchase supplies and equipment for farming and household needs to market products even to secure many services like electric power irrigation health and insurance. The roles cooperative societies play in poverty reduction and sustainable national development.

A co-operative society is defined as a voluntary business organization in which a group of individuals with common interest pool their resources together to promote the economic and welfare of their members in production distribution and consumption of goods and services. Dairy farmers have relied more heavily upon cooperative societies to market their milk than have farmers of any other value chain commodity. The Role of Cooperative Societies in Economic Development access or broadening market opportunities improving product or service quality securing credit from financial institutions and increasing income RBCDS 1995.

Co-operative societies as a form or type of business organization comes about when people with common interest unit themselves into a group financial and controlled by them for the purpose of achieving their goals. Powers and Duties of Registrar of Cooperative Societies. The Registrar can be compared to the friendly neighbourhood Spiderman that helps society and committee members when they are stuck in an imbroglio prevents any wrongdoing by greedy middlemen intervenes when the society is slacking in its duties and.

It is a voluntary association of persons whose motive is the welfare of the members. Cooperatives are an almost universal form of organization today found in practically all countries and used by people in many ways. Dairy cooperative societies are significantly central to sustainable development of dairy sub-sector as they are mainly intended to empower the communities.

Cooperatives are seen as critical in achieving the governments development targets in the Growth and Transformation Plan and focusing on other types of cooperatives requires an alternative. A cooperative society is a voluntary organisation of individuals who are mostly workers and small producers. ROLE OF CO-OPERATIVE IN SOCIAL DEVELOPMENT Cooperatives and poverty reductionCooperatives as self-help organizations contribute to the eradication of poverty through the economic and social progress of their members and employees and by stimulating the economies and enhancing the social fabric of the communities in which they operate.

Improving skill Cooperative society leads a great role by providing a training program for improving the skill of uneducated poor and unskilled members. As economic actors they create opportunities for jobs livelihoods and income. 21 The contribution of cooperative societies towards the increase on capital development.

They are organised under joint management on democratic methods to improve their domestic and business conditions and capital collection. The cooperative society is active in all countries worldwide and is represented in all the sectors including agriculture food finance healthcare etc. We believe from many others that co-operative societies started in Nigeria in the early 20 th Century.

The paper argued that cooperative societies offer social protection enhanced capital formation and employment generation among other benefits and recommends that for proper effectiveness cooperative societies should be. To protect the interest of weaker sections the co-operative society is formed. Despite the robustness of dairy cooperatives in Kenya sustainable development of.

Agricultural cooperative society The primary purpose of the agricultural cooperative society is to help its members in the rational organizing of agricultural production the processing and marketing of the cropping output as well as animal production also.