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What is co operative company?

Answer» The co-operative organization is a voluntary association of person having limited resources and common needs. The co-operative organization is formed to help their member to improve the economy standard. They provide different kinds of services product for their member. The co-operative organization is formed with the feeling of each for all and all for each. The main motive of the co-operative organization is to provide service to their member rather than to earn a profit.The co-operative organization is formed to solve the problems which are arises from modern industrialization. The industrialization has created a gap between poor and rich. The poor people are helpless because they don\'t have economic resources but the development of co-operative organization provide people opportunities to collect a small amount from poor and this amount is used to address financial needs of their members. A co-operative organization is formed on the principal of self-help through mutual help.In conclusion, A\xa0Co-operative organization is a voluntary association of persons having limited economic resources and common seal need or characteristics company.Co- operative are formed by taking the similarities are formed by taking the similarities in the locality, needs etc. These organizations are formed to help and promote living standard of their member. There are different kinds of a co-operative creditor, co-operative producer, agriculture, marketing society etc.Types of co-operativeIn our society different co-operative are established to provide various facilities for their members. On the basis of activities involved, co-operatives are classified into different types and they are explained below:\tProducer\'s co-operative Society\tIndustrial co-operative Society\tConsumer\'s co-operative Society\tSaving and credit co-operative society\tMarketing co-operative society\tFarming co-operative society\tHousing co-operative society\tMiscellaneous co-operative societyProducer\'s Co-operative Society:It is an association of small members of producer’s .It has limited resources and they cannot expand their business individually. Producers co-operative help its member in the supply of raw materials, purchase of modern machine, provide skilled human resources. This co-operative also help in producing high-quality goods and services.Industrial Co-operative Society:They are the association of producers who are engaged in manufacturing. This co-operative helps the member to develop competitiveness in terms of product as small industries face difficulty to compete in a market because of industrialization. They are formed to help small manufacturer in purchasing raw materials, processing them to the finished product as well as marketing the product. This co-operative contact with a different government agencies for their promotion.Consumer\'s Co-operative Society:They are the association of final consumers. Consumers are the person who finally consumes the product. They are formed to get the product at minimum possible price. They directly purchase a product from the manufacture and provide to their members. The main objective of these co-operatives is to eliminate the role of the middleman (Wholesaler, and retailer) this co-operative organization consult about consumer health and price of a product. They provide quality product at reasonable price.Co-operative Credit Society:Generally, we understand co-operative as co-operative credit society. This co-operative collect small amount of saving (daily or monthly basis) from their members. This collection is further utilized to provide loan to their members at the time of difficulty. It helps to eliminate the problems of the high-interest rate charged by money lenders. They encourage saving habit of members. These co-operative also help the member to get loan facilities at the appropriate rate of interest.Co-operative Marketing Society:It is an association of small producer and manufacturer to sell their output at a fair price. They come together to promote their output in the market. The market co-operative performs a various activity related to market like marketing research, sampling, grading, processing, warehousing etc for the benefit of their members. The main objective of marketing co-operative includes\tProviding the fair price to members product\tPromoting members output in the marketFarming Co-operative Society:They are the voluntary association of farmers to help each other in their problems. They unite together and form co-operatives. These organizations are established to eliminate difficulties in agriculture farming. Their objectives are to promote the living standard of a farmer by increasing agriculture productivity and by providing the real (actual) price for agriculture output of farmers. They help their members in getting improved seeds, regular fertilizers, technological assistance, modern tools and equipment etc. The co-operative farming society can be of many types on the basis of their objectives such as better farming society, tenant farming society, joint farming society etc.Housing Co-operative Society:This co-operative society is established with the objectives to provide housing facilities to their members. These co-operative collect small amount from the members and the collected amount is utilized either for the construction of house or purchase of land. They used to purchase big land area from the municipality or other bodies at a cheaper price and construct houses at very low cost. As a result, of these people having limited income and resources can afford housing facilities.Miscellaneous co-operative Society:Besides, above co-operative society, other cooperatives can be established to meet the need of the general public. These co-operatives may be wholesalers’ cooperatives, retailer’s co-operatives, poultry co-operatives, cold storage, fisheries, sugarcane producer’s co-operatives, marketing co-operatives society etc.\xa0


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