The Co-operative Society

A co-operative society is a member-owned organization where individuals unite voluntarily to meet common economic, social, or cultural needs. Members contribute equitably to the society’s resources and share in its benefits, such as better prices, services, or employment opportunities. It operates democratically, with members having an equal say in decision-making. Co-operatives promote mutual support, community development, and equitable distribution of profits. Examples include consumer co-operatives, agricultural co-operatives, and credit societies. They function on principles of transparency, fairness, and democratic control, empowering members and fostering collective progress.