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Question:

Elaborate on the different types of cooperative societies and how they address specific needs.

Answer:

  • Cooperative societies are member-driven organizations aimed at promoting common welfare. The types include:
    • Consumer Cooperatives: Provide goods to members at reasonable prices, reducing exploitation by retailers.
    • Producer Cooperatives: Support small-scale producers by facilitating marketing and shared resources.
    • Credit Cooperatives: Offer financial assistance to members at low-interest rates, eliminating reliance on moneylenders.
    • Housing Cooperatives: Aid members in acquiring affordable housing.
    • Marketing Cooperatives: Help farmers and producers market their goods effectively.
  • Cooperative societies ensure equitable resource distribution, empower communities, and promote socio-economic development.


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  • Answered by Ekta Mehta
  • 4 months ago

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