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Question
Justify the following statement.
The main objective of Co-operative society is to provide services to its members.
Solution
- The Co-operative Society is a voluntary association of persons formed for the purpose of promoting the interest of its members. It is different from all other organizations.
- The main objective of a co-operative organization is not to make a profit but to give service to its members.
- The co-operative society is formed for the welfare of the people.
- Co-operative societies are rightly called a service oriented organization. Maximisation of profit is not the aim.
- Thus, the main objective of Co-operative society is to provide services to its members.
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