- Willful association
The participation of a cooperative society is available to all. Any individual with basic interest can turn into a part. The enrollment expense is kept low so everybody would have the option to join and profit by cooperative societies. Simultaneously, any part who needs to leave the general public is allowed to do as such. There are no access or leave boundaries.
- Simplicity of development
Cooperatives can be framed much effectively when contrasted with an organization. Any 10 individuals who have achieved greater part can consolidate for framing a cooperative society by noticing basic lawful customs.
- Majority rules system
A co-usable society is run on the rule of ‘limited one vote’. It infers that all individuals have equivalent rights in dealing with the issues of the venture. Individuals with cash power can’t rule the administration by purchasing larger part shares.
- Evenhanded appropriation of excess
The excess created by the co- operative societies is dispersed in an impartial way among individuals. In this manner all the individuals from the cooperative society are profited. Further the general public is additionally profited on the grounds that an entirety not surpassing 10% of the excess can be used for advancing the government assistance of the region in which the cooperative is found.
- Restricted risk
The risk of the individuals in a cooperative society is restricted to the degree of their capital commitment. They can’t be actually held obligated for the obligations of the general public.
- Stable presence
A cooperative society appreciates separate lawful element which is unmistakable from its individuals. Subsequently its duration is not the slightest bit influenced by the demise, craziness or indebtedness of its individuals. It appreciates ceaseless presence.
- Each for all and just for each
Co-usable societies are shaped based on self improvement and common assistance. Consequently individuals contribute their endeavors to advance their basic government assistance.
- More prominent character of interests
It works in a restricted geological zone and there is more prominent personality of interest among individuals. Individuals would associate with one another. They can collaborate and deal with the exercises of the general public in a more powerful way.
- Government uphold
The public authority so as to advance the development of cooperative societies stretches out all help to them. It gives credits at modest financing costs, gives endowments and so forth
- End of brokers
Cooperatives societies can manage the makers and with a definitive buyers. Consequently they are not reliant on agents and can save the benefits appreciated by the go betweens.