Explain the characteristics of cooperatives in India and their importance in rural development with examples.
Answer: Some of the salient features of cooperatives in India are as follows:
- Cooperatives in India are formed on a voluntary basis, members voluntarily participate in the cooperative and have equal rights in decision making.
- Cooperatives operate on democratic principles, with members having equal voting rights regardless of their stake or investment in the cooperative.
- Cooperatives in India enjoy a high degree of autonomy in operation. They have the freedom to manage their affairs independently, formulate their policies and take decisions in the interest of their members.
- The primary objective of cooperatives is to promote mutual aid and cooperation among the members.
- The ....
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General Studies Mains Questions And Answers
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