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Co Operatives Types and Objectives

By Websoftex Co Operative Software Solutions

Types of Co Operatives There are 7 Types of Co Operatives: 1) Producer Cooperative Societies 2)Consumer Cooperative Societies 3) Marketing Cooperative Societies 4) Insurance Cooperative Societies

Types of Co Operatives There are 7 Types of Co Operatives: 4) Insurance Cooperative Societies 5) Housing Cooperative societies 6) Cooperative Farming Societies 7) Credit Cooperative Societies

Types of Co Operatives There are 7 Types of Co Operatives: 1) Producer Cooperative Societies: This square measure shaped to eliminate the middlemen and capitalist teams from the economic production. Its main purpose is to provide merchandise for the necessities of its members.

Types of Co Operatives Objectives: (a)To buy the raw materials and alternative factors at the most economical costs. (b) To provide the products at the foremost economical level. (c)To supervise the assembly most with efficiency and effectively.

Types of Co Operatives Objectives: (d) To lose the excess production to non members at most costs. (e) To eliminate the middlemen and capitalists. (f) To get rid of the worker's grievances in respect of operating conditions, wages etc.

Types of Co Operatives 2) Consumer Cooperative Societies : •

The society is that the voluntary association of standard individuals shaped with the item of getting daily needs of the members.

•

It directly purchases the products at giant scale from the producer or wholesalers at whole sale worth.

Types of Co Operatives Objectives: 1. To eliminate the retailers, capitalists and wholesalers.

2. To market the welfare of the members.

3. To produce the daily requirements of life to its members at value.

4. To extend the buying power associate normal of living of the members of the society.

Types of Co Operatives 2) Marketing Cooperative Society : • It is the voluntary association of producers shaped for the article of transcription the disposal of their output. • It pools along the output of the individual members and arranges to provide the merchandise at highest potential worth.

Types of Co Operatives Objectives: 1. To eliminate the middlemen UN agency ar liable of the high value of selling.

2. to pool along the output of the individual members.

3. to grade and method of the pooling merchandise of the members.

4. To lose the merchandise at the most worth.

Types of Co Operatives Objectives:

5. To regulate provide to demand 6. To supply storage facilities to its members.

7. To acquire the data regarding marketplace for the member's product.

8. To supply the money facilities to its members.

Types of Co Operatives 4) Insurance Cooperative Society • This type of cooperative society is created for the objects of providing insurance facilities to its members. • It makes the contract with sound insurer on collective terms and conditions and so pay lower premium rate to insurer as compared with standard policy holders.

Types of Co Operatives Objectives:

1. To supply insurance facilities to its members.

2. To charge the low rate of premium.

3. To market the welfare of the members.

4. To encourage the habit of thrift and investment.

Types of Co Operatives 4) Housing Cooperative society • It is Associate in nursing association of middle and low financial gain teams of individuals. • Typically it's shaped in urban areas. the most purpose of this way of society is to guard its members against exploitation by landlords.

Types of Co Operatives 4) Housing Cooperative society • The liability of the member is restricted to his capital contributed. it's conjointly referred to as "Building Society" and will be divided into 3 sorts i.e.

(1) Housing savings and loan association (2) Land Society (3) Finance Society

Types of Co Operatives Objectives: 1. To receive deposits from its members.

2. To form loans to its members for the development of house at low rate of interest.

3. To render technical services for its members.

4. To buy building materials at economical rate.

Types of Co Operatives 4) Cooperative Farming Society: • This form of Society is made with the article of getting the advantages of enormous scale farming and increasing agricultural product. • Its members typically relate to the formers together with those owing land. The cooperative forming area unit of the subsequent types:

Types of Co Operatives • Its members typically relate to the formers together with those owing land. The cooperative forming area unit of the subsequent types: 1.

Cooperative collective farming Society.

2.

Cooperative joint farming society.

3.

Cooperative higher farming society.

4.

Cooperative tenant farming society.

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