What are multipurpose cooperative?

The multipurpose co-operative society has large number of functions to discharge. As the name indicates its responsibility for different purpose for which it has been set up. It can work for arranging credit, improved seeds, agricultural implements, fertilizers, sanitation, health etc. for its members.

How do I register a multi state cooperative society?

Check List regarding documents to be submitted with the proposal for New Registration

1. Form 1: To be submitted in the format annexed with the MSCS Act 2002 along with the documents required under Form I.
2. A certificate from the bank stating credit balance there in favour of the proposed multi-state co-operative society.

What are 3 types of cooperatives?

Types of Cooperatives

• Producer Cooperatives.
• Worker Cooperatives.
• Consumer Cooperatives.
• Retail or Purchasing Cooperatives.
• Social Cooperatives.

What are the top 5 types of cooperatives?

Types of Cooperatives

• Producer / Marketing Cooperatives.
• Consumer Cooperatives.
• Worker Cooperatives.
• Housing Cooperatives.
• Financial Cooperatives.
• New Generation Cooperatives.
• Multi-Stakeholder Cooperatives.
• Non-profit Community Service Cooperatives.

What is the main goal of cooperative?

The purpose of a cooperative is to realize the economic, cultural and social needs of the organization’s members and its surrounding community. Cooperatives often have a strong commitment to their community and a focus on strengthening the community they exist in or serve.

What is the main function of cooperative?

The cooperatives are formed to secure low cost credit, to purchase supplies and equipment for farming and household needs, to market products, even to secure many services, like electric power, irrigation, health, and insurance. Cooperatives can be used in many ways to benefit people in the everyday needs of life.

Is multi state cooperative society safe?

Are the deposits with the society safe & secured? Yes, because the Government of India has framed the laws/rules to ensure the security and safety of deposits and Tirumalla Tirupati Multi State Co-Operative Credit Society Ltd. strictly abides by the rules and regulations framed by the Central Government.

What is a multi state cooperative bank?

multi-State co-operative society which undertakes banking business; (g) “co-operative principles” means the co-operative principles specified includes a national co-operative society and a Federal co-operative; (q) “multi-State co-operative society with limited liability.

What is the benefits of cooperative?

Building local expertise and profits Because cooperatives are run by and for local people, they develop, and pass on, the business expertise. Profits generated stay local, and are invested in the cooperative, the local area or distributed to the local owners. Cooperatives are an effective tool for self-help.

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