Co-operative Organization

Things to remember

• A co- operative organization is the form of organization which is established by the people of weaker society to uplift their social and economic condition.
• A co- operative organization works with the motto of each shall work for all and all for each.
• The characteristics of co- operative organization are open membership, democratic management, Limited liability, service motive, separate legal existence and cash transactions.
• Consumers' co-operative, producers' co-operative, miscellaneous co-operative, multipurpose co-operative and marketing co-operative are the types of co-operative organization.