Divisional Cooperative Office, Nandyal

Objectives of Cooperation Every cooperative institution comes into existence for the fulfilment of certain specific objectives. Short term objective of cooperative institution may differ but the longtem objectives ofthem are the same. They are analyzed as follows: 1.Elimination of Intermediaries: The primary objective of a cooperative society is to remove the middlemen or intermediaries present indifferent fields of economic activity. These middlemen use to take away a major portion of the gainswhichshould have reached the beneficiaries. Consumer cooperative societies have been able toeliminate many wholesalers and retailers who came in between the producers and the consumers.Marketing cooperatives have saved the farmers from the long chain of middlemen who were exploitingthem with very low prices for their produce at all times. 2.Raising the Economic Status of the Weaker Sections: The basic obje...

Characteristics of Cooperative Enterprise Chief characteristics of the cooperative enterprise may be as follows 1. An Association of Person:  A cooperative society is an association of several persons like a joint stock company. The persons whoassociate together contribute capital in the shape of shares. In Cooperatives, it is man that counts much,not money 2. A Business Enterprise: A cooperative society is not a charitable enterprise. It is a form of business organisation coupled withprofit and risk. The members or share-holders in the society posses a common interest and havecommon need to satisfy. 3.A Voluntary Enterprise: The element of coercion is absent in a cooperative enterprise. Admission and retirement of a member inthe society is completely voluntary. 4. A Democratic Enterprise: A cooperative society is managed democratically. Every member has one and only one vote to exerciseirrespective of the number of shares he...

Meaning and Definition of Cooperation          Cooperation has been defined by H Calvert as “A form of organization in which persons voluntarily associate to-gather as human being on the basis of equality for the promotion of the economic interests of themselves”. The essentials of this definition are that (1) A cooperative is a voluntary form of organization (2) It is an association of human beings (3) It is organized on the basis of equality and (4) Its objective is the economic interests of its members.          The concept of Cooperation envisages a group of persons having one or more common economic needs, who voluntarily agree to pool their resources-both human and material and use them for mutual benefit through an enterprise managed by them on democratic lines.It is joint enterprise of those who are not financially strong and cannot stand on their own and therefore, come together not with a view of gett...