People’s Cooperative Society

A People’s Cooperative Society is a member-owned organization that pools resources to serve the needs of its members, often focusing on affordable goods, services, or financial assistance. It operates democratically, meaning members have a say in decision-making and share in the benefits. Such societies promote community development, economic stability, and mutual support, often functioning in sectors like credit, retail, or agriculture. By emphasizing collective effort and shared ownership, they aim to improve members' well-being while fostering financial inclusion and social cohesion.