Introduction: -Co-operative societies are
classified into different types according to the nature of the services
rendered by them. Following are the main types of co-operative societies.
1. Consumer co-operative
societies:
- Consumer's co-operative societies make
their purchase in bulk form wholesalers and supply them in small quantities to
members at very reasonable prices and also provide various services to them.
Members are given bonus and share in profits in proportion to their investment.
2.
Credit
co-operative societies:
-It is formed with the objective of granting loans to
members at a reasonable rate of interest for productive as well as
no-productive purpose. They may be established in rural areas by agriculturist
or artisans called as credit societies or by salary earners or industrial
workers in urban areas, called as urban banks, salary earner's societies,
worker's societies.
3.
Producer's
co-operative societies:
-Producer's co-operative societies are also
called industrial co-operative which provide raw material, implement tools,
technical guidance, to the members on easy terms so that they can produce
superior quality products.
4.
Marketing
co-operative societies:
- Marketing co-operative societies undertake
centralized sale of the products produced by their members. They perform all
the marketing functions standardizing, grading, branding, packing, advertising,
transportation etc. and after selling the product, distribute the proceeds
among members depending upon the quantity sold for each member.
5.
Farming
co-operative societies:
-These societies are formed by farmers who
voluntarily come together and pool their land to jointly conduct agricultural
operation using scientific methods of cultivation.
6.
Housing
co-operative societies:
- Housing co-operative societies purchase land and
develop it. co-operative housing societies are formed by members for the
construction and maintenance of building for residential purpose o ownership
basis.
