A local cooperative is a centralized cooperative — individual producers make up the membership.
A centralized regional may serve members in a large geographi- cal area, and have one central office, one board of directors, and a manager (chief executive officer) who supervises the entire operation..
A cooperative is an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned and democratically controlled business (enterprise)..
Cooperatives are also based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity.
Cooperative members believe in the ethical values of honesty, openness, social responsibility, and caring for others..
A Cooperative Society is a voluntary association of individuals or legal persons united by common bond, who have come together to pursue their socio-economic goals for their own benefits with high regards to non-members as their neighbors..
Cooperatives are also based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity.
Cooperative members believe in the ethical values of honesty, openness, social responsibility, and caring for others..
Article Talk.
Social cooperatives exist to provide social services such as the care of children, elderly and disabled people, and the integration of unemployed people into the workforce.
The phenomenon is most developed in Italy, but exists in various forms in many countries..
Sources of Finance: In a co-operative society capital is contributed by all the members
However, it can easily raise loans and secure grants from government after its registration
vDemocratic Management: The society is managed by a group known as “Board of Directors”
Application for registration : After taking initiative initiator prepare some documents for submitting application to the ministry
Collecting registration certificate : If the promoters submit their all legal and supportive documents to the office of the registrar then the cooperative society will get the permission
First, one of the principles of cooperatives is democratic member control
The equal voting rights of cooperative enterprises, on the basis of one member, one vote, impart the necessary and legitimate representativeness to make them key actors in the social dialogue process especially in rural and informal economy settings
