Importance of Cooperatives in India
Significance
- Employment: Cooperative societies create employment opportunities, and majority of these cooperatives are workers’ cooperatives. This means that the cooperative members are also the workers in their own cooperatives.
- Community Development: Cooperatives are understood as one of the vehicles to achieve community development goals. Cooperatives are important vehicles for community development because they mobilize local resources into a critical mass and their structure allows them to be more community-oriented.
- Economic Vehicles: Cooperatives are viable economic vehicles for local people to work together in order to improve socioeconomic conditions in their communities.
- Poverty Reduction & Social Protection: Cooperatives generate income and increase the ....
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