What is a Co-operative Society?
A co-operative society is an association of persons who have voluntarily joined together to achieve a common economic and social end through the formation of a jointly-owned and democratically controlled business organization. Members make equitable contributions to the capital required and accept a fair share of the risks and benefits of the undertaking.Co-operative societies work on the principles of self-help and mutual assistance to provide services for their members. These include credit, consumer, medical, insurance, dental, transport, security, food, housing, travel, childcare and welfare services.
