Cooperative Movement in India: Meaning, Objectives, Characteristics and Causes
Introduction The cooperative movement in India refers to the voluntary association of individuals who come together to meet their common economic, social, and cultural needs through a jointly owned and democratically controlled enterprise. Cooperative societies play a crucial role in India’s development, particularly in agriculture, banking, and housing sectors. These societies mainly help poor, illiterate, and unskilled people by providing financial and social support. The cooperative movement has strengthened rural communities and increased participation in economic activities. It has also contributed to improving living standards and promoting democratic values in society. Objectives of Cooperative Societies The main objectives of cooperative societies are: 1. To sell products and services efficiently. 2. To eliminate the unnecessary profits of middlemen in trade and commerce. 3. To prevent exploitation of weaker sections of society. 4. To protect the rights of both producers and co...