co operatives

co operatives :-

The co operatives society is formed to protect the rights of poor people. In 1844 the movement of co operation was started when 28 flannel weavers decided to run their own store called “ Rochelle society of equitable pioneers ” in Rochelle England. The aim was to provide basic necessities at cheaper rates. It was a consumer co operative society. This movement led to the formation of co operatives in various fields. A co operative society is formed by the people of limited means for self help through mutual help. The society has a democratic SE up managed by the members. In our country the co operative societies can be set up under the co operative societies can be set up under the co operative societies act 1925. The co operative rules 1927 are applicable for their working.the societies are registered under multi unit societies act 1942 for doing business in two or more provinces.