PRESENTED BY:-

SARVESH UPADHYAY ROLL NO. 132543

SURAJ JAISWAL ROLL NO. 132515

ANIL PRAJAPATI ROLL NO. 132531

CHIRAG NARSE ROLL NO. 132525

SUBJECT:-

ROLE OF CO-OPERATIVE

CO-OPERATIVE

DEFINITION:- A co-operative is an autonomous association of

persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

WHAT IS A CO-OPERATIVE? A co-operative is a group of people acting together to meet the

common needs and aspirations of its members, sharing ownership and making decisions democratically. Co-operatives are not about making big profits for shareholders, but creating value for customers – this is what gives co-operatives a unique character, and influences our values and principles.

VALUES OF CO-OPERATIVE:- Co-operatives are based on the values of self-help, self-

responsibility, democracy , equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

ROLE OF CO-OPERATIVES

CO-OPERATIVE offers different types of benefits which are as follows:-

Economics benefits:- • In co-operation , there is no problem of exploitation with

the result that the profit which is earned by the people is kept by themselves. It is not shared by middleman.

• Since in a co-operative , all share profit and all are keen to make the organization a success , there is equitable distribution of wealth. This bridges the gap between the rich and the poor people which is of considerable advantages to the society as a whole.

• In a co-operative organization only , those goods are produced and sold which are needed by the society very urgently and on top priority basis. In this way, the organization helps in meeting urgent goods of consumer and produce needs . Thus ,there is relationship between goods produced and consumed.

• Since demands in the society always go on increasing and continue , the result is that those who once get employment continue these. In this way there is stability in the employment market.

• In the rural areas co-operative organization helps in providing loans ,manures, seeds to the farmers on the one hand and purchase their produce at reasonable rates on the other. The result is that many of the problems of rural poor are solved or reduced.

• co-operative credit society which provide loans to farmers or rural people help relieving them from the clutches of the landlords and moneylenders.

Educational benefits:-

• The basic values of life like co –operative , fairness, toleration, condemnation of anti-social activities and courage to face every social evil boldly, are taught in a co-operative organization.

• In a co-operative organization , people are educated about human values in life and made to appreciate that beyond money ,there is something more important and that is human spirit ,human feelings and man in the human beings.

• All over the world , education about running the administration of people on democratic lines, in a democratic manner is imparted in a co-operative system. If there is no education through co-operative, perhaps running economic and political system will become very difficult.

Political benefits:-• Co-operation is educating the people in self-

government as the running of the co-operative institutions gives them sufficient training in running democratic institutions.

• It is encouraging local leadership to take up and shoulder important task of rebuilding new India.

• Co-operative institutions are helping to produce better citizen who are honest and prepared to make sacrifies.

• A co-operative society teaches respect for elected leaders.

• It seeks to develop responsibility in all the people.

• To make economic planning and development, the government has taken co-operatives as media to reach the village people. Each person now is participating for economic development.

Social benefits:-• It is teaching the people to live harmoniously on a

community basis. It also teaches the people the lesson of unity, brotherhood and corporate feelings.

• As co-operation relies on the character of the member, it foster a sense of responsibility , integrity and diligence.

• Co-operative are helping to lessen the social tension existing in the society.

• The co-operative movement is bringing about socio-economic changes in the society without resorting to undesirable methods and violence.

ROLE OF CO-OPERATIVE IN SOCIAL DEVELOPMENT

• Cooperatives and poverty reduction:- Cooperatives, as self-help organizations, contribute to the eradication of

poverty through the economic and social progress of their members and employees and by stimulating the economies and enhancing the social fabric of the communities in which they operate.

• Cooperatives and social integration:- Cooperatives promote social integration and cohesion in the face of

inequalities in social capabilities by empowering and giving voice to the poor as well as marginalized groups and by promoting the organization of federations and alliances.

In addition, cooperatives play an important role in an increasingly integratedglobal economy as well as in fostering peace building among peoples,communities and nations.

• Co-operatives and globalization. Co-operatives work towards fair globalization - one that is

fundamentally inclusive, sustainable and people-centred – by creating business entities that promote solidarity among peoples, greater accountability, deeper partnerships and fairer rules and standards that offers equitable opportunities for all.

• Co-operatives and employment generation. Co-operatives help to create, improve and protect the

income and employment opportunities of their members by pooling the limited individual resources of members to create business enterprises that enable them to participate in production, profit-sharing, cost-saving or risk-taking activities.

• Spirit of mutual help• Spirit of service• Black marketing • Appreciation of other problems• No advantages from needs of others• Important role of rationality

ROLE OF CO-OPERATIVE IN ECONOMIC DEVELOPMENT

• Co-operative makes possible to organise resources on the basis of mutual help and for sharing benefits by avoiding any kind of exploitation. There is always emphasis on equitable distribution of wealth. Co-operative in underdeveloped nations bring together people of small means to reap the benefits for themselves and harmonize their aims with those of the society. Thus co-operative do away with the exploitation of the imperfect market.

• For people with small means in backward countries this is the only self-respecting methods to increase their resources and to have a special place for themselves in this competitive world. By pooling their maximum resources ,co-operative members can undertake big production activities and realise advantages. When these resources are used together they result in greater gain than individual efforts .

• Co-operative can extend great help in running small scale and cottage industries. Though the working of cottage industries is totally different, some of its aspect can be usefully applied in the same direction. For e.g. purchase of raw materials ,marketing of finished goods can be undertaken on co-operative basis.

• Co-operative institutions help to promote planned economics growth of a country. the flow of credit into agricultural credit through co-operative sector indicates the increase of resources to agricultural sector.

• India lives in villages. Indian economy is specifically agro-economy and co-operative play a significant role in india. Agriculture is am occupation , where large number of agricultural workers are scattered over a large area. As against this non-agricultural business is always concentrated in a limited space. Many people come to work and go back home after the work is over. In india, agricultural is also not looked as a business but as a way of life. Indian farmers are small and poor . They are short of finance , capital and know-how. Therefore , they conduct their business in a primitive manner. Due to defective institutional arrangement they cannot improve agriculture. In the light of these defect , the adoption of co-operative is very much essential and it is a peaceful methods to overcome the drawbacks of agriculture in india.

• In a capitalist economy, class-conflict becomes the ingredient of that system , while in co-operative system is based on eliminating the cut-throat competition and monopoly.

• Under c-operatives ,workers ,investors ,savers get together , decide the problems and work together according to decisions jointly taken.

Thus , co-operatives play a dynamic role in economic growth of an underdeveloped country like india and it also promotes social welfare. It is an organisation, where human values are considered more important than anything else.

THANK YOU