Merits of Co-operative society

1.	Merits of Co-operative society
Answer» Merits:\tEase of formation: It can be started with minimum of 10 members. Registration is also easy as it requires very few legal formalities.\tLimited liability: The liability of members is limited to the extent of their capital contribution.\tStable existence: Due to registration it is a separate legal entity and is not affected by death, lunacy or insolvency of any of its members.\tEconomy in operations: There is economy in operation due to elimination of middle man and voluntary services provided by its members.\tGovernment support: Government provides support by giving loans at lower interest rates, subsidies and by charging less taxes.\tSocial utility: It promotes personal liberty, social justice and mutual cooperation. They help to prevent concentration of economic power in a few hands.

Discussion