General

What is Multi Purpose society?

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What is Multi Purpose society?

Multi purpose Co-operative Society means a Primary Co~ operative Society the object of which is to provide various services including services related to savings, credit, business, industry, consumer durables to its members; Sample 1. Sample 2.

What do you mean by Multi Purpose cooperative society?

Whenever a cooperative society is established to attain multi-purpose objectives is called multi-purpose cooperative society. It is an organization which is owned and operated by a group of individuals for their mutual benefit.

What is the meaning of co-operative society?

A co-operative society is often a voluntary association of individuals who come together with the intention to work together and to promote their economic interest. These societies work on the principle of self-help as well as mutual help. The primary goal is to provide support to the members.

What are the four types of cooperatives?

Types of Co-ops

  • Consumer Cooperatives. Consumer cooperatives are owned by members who use the co-op to purchase the goods or services that they need.
  • Worker Cooperatives.
  • Producer Cooperatives.
  • Purchasing or Shared Services Cooperatives.
  • Multi-stakeholder Cooperatives.

What are the features of multipurpose co operatives?

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.

What are the benefits of multi state cooperative society?

The advantage of registering under the MSCS Act is similar to the benefits acquired by registering a company. A registered multi-state cooperative society has the privileges of limited liability, separate legal identity, and the ability of members to transfer their membership.

What do you mean by multi-purpose?

Definition of multipurpose : serving or able to serve more than one purpose a multipurpose tool multipurpose rooms a multi-purpose cleaner.

What are the types of cooperative society?

Types of Cooperative Society

  • 1] Producer Cooperative.
  • 2] Consumer Cooperative.
  • 3] Credit Unions.
  • 4] Marketing Cooperative Society.
  • 5] Housing Cooperative Society.

Why Multi Purpose cooperative is important?

Multi-purpose and credit co-ops provide small loans to their members. These loans go to self-employment, offering an opportunity for better wages through retail shopkeeping, farming or livestock.

What do you mean by multi purpose?

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