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What are the types of coorporative societies?

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Various types of cooperative societies based on the nature of their operations are described below: (i) Consumer’s cooperative societies: The consumer cooperative societies are formed to protect the interests of consumers. The members comprise of consumers desirous of obtaining good quality products at reasonable prices. The society aims at eliminating middlemen to achieve  economy inVarious types of cooperative societies based on the nature of their operations are described below: (i) Consumer’s cooperative societies: The consumer cooperative societies are formed to protect the interests of consumers. The members comprise of consumers desirous of obtaining good quality products at reasonable prices. The society aims at eliminating middlemen to achieve  economy in operations.  It  purchases goods in bulk directly from the wholesalers and sells goods to the members, thereby eliminating the middlemen. Profits, if any, are distributed on the basis of either their capital contributions to the society or purchases made by individual members. (ii) Producer’s cooperative societies: These societies are set up to protect the interest of small producers. The members comprise of producers desirous of procuring inputs for production of goods to meet the demands of consumers. The society aims to fight against the big capitalists and enhance the bargaining power of the small producers. It supplies raw materials, equipment and other inputs to the members and also buys their output for sale. Profits among the members are generally distributed onoperations.  It  purchases goods in bulk directly from the wholesalers and sells goods to the members, thereby eliminating the middlemen. Profits, if any, are distributed on the basis of either their capital contributions to the society or purchases made by individual members. (ii) Producer’s cooperative societies: These societies are set up to protect the interest of small producers. The members comprise of producers desirous of procuring inputs for production of goods to meet the demands of consumers. The society aims to fight against the big capitalists and enhance the bargaining power of the small producers. It supplies raw materials, equipment and other inputs to the members and also buys their output for sale. Profits among the members are generally distributed on the basis of their contributions to thetotal pool of goods produced or soldby the society.(iii)Marketing cooperative societies:Such societies are established to helpsmall producers in selling theirproducts. The members consist ofproducers who wish to obtainreasonable prices for their output. Thesociety aims to eliminate middlemenand improve competitive position of itsmembers by securing a favourablemarket for the products. It pools theoutput of individual members andperforms marketing functions like(iv)Farmer’s cooperative societies:These societies are established toprotect the interests of farmers byproviding better inputs at a reasonablecost. The members comprise of farmerswho wish to jointly take up farmingactivities. The aim is to gain the benefitsof large scale farming and increase theproductivity. Such societies providebetter quality seeds, fertilisers,machinery and other moderntechniques for use in the cultivation ofcrops. This helps not only in improvingthe yield and returns to the farmers,but also solves the problems associatedthe basis of their contributions to thetotal pool of goods produced or soldby the society.(iii)Marketing cooperative societies:Such societies are established to helpsmall producers in selling theirproducts. The members consist ofproducers who wish to obtainreasonable prices for their output. Thesociety aims to eliminate middlemenand improve competitive position of itsmembers by securing a favourablemarket for the products. It pools theoutput of individual members andperforms marketing functions like(iv)Farmer’s cooperative societies:These societies are established toprotect the interests of farmers byproviding better inputs at a reasonablecost. The members comprise of farmerswho wish to jointly take up farmingactivities. The aim is to gain the benefitsof large scale farming and increase theproductivity. Such societies providebetter quality seeds, fertilisers,machinery and other moderntechniques for use in the cultivation ofcrops. This helps not only in improvingthe yield and returns to the farmers,but also solves the problems associated transportation, warehousing, packaging,etc., to sell the output at the bestpossible price. Profits are distributedaccording to each member’scontribution to the pool of output.with the farming on fragmented landholdings.(v)Credit cooperative societies:Credit cooperative societies areestablished for providing easy credittransportation, warehousing, packaging,etc., to sell the output at the bestpossible price. Profits are distributedaccording to each member’scontribution to the pool of output.with the farming on fragmented landholdings.(v)Credit cooperative societies:Credit cooperative societies areestablished for providing easy credit on reasonable terms to the members. The members comprise of persons who seek financial help in the form of loans. The aim of such societies is to protect the members from the exploitation of lenders who charge high rates of interest on loans. Such societies provide loans to members out of the amounts collected as capital and deposits from the members and charge low rates of interest. (vi) Cooperative housing societies: Cooperative housing societies are established to help people with limited income to construct houses at reasonable costs. The members of these societies consist of people who are desirous of procuring residential accommodation at lower costs. The aim is to solve the housing problems of the members by constructing houses and giving the option of paying in instalments. These societies construct flats or provide plots to members on which the members themselves can construct the houses as per their choice.on reasonable terms to the members. The members comprise of persons who seek financial help in the form of loans. The aim of such societies is to protect the members from the exploitation of lenders who charge high rates of interest on loans. Such societies provide loans to members out of the amounts collected as capital and deposits from the members and charge low rates of interest. (vi) Cooperative housing societies: Cooperative housing societies are established to help people with limited income to construct houses at reasonable costs. The members of these societies consist of people who are desirous of procuring residential accommodation at lower costs. The aim is to solve the housing problems of the members by constructing houses and giving the option of paying in instalments. These societies construct flats or provide plots to members on which the members themselves can construct the houses as per their choice.