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A cooperative society is a business organization formed by a group of individuals who voluntarily unite to achieve common economic, social, or cultural goals. Unlike traditional enterprises that prioritize profit for shareholders, a cooperative society is designed to benefit its members through collective action, democratic management, and shared resources. Members contribute capital, skills, or labor and jointly participate in decision-making, generally following the principle of “one person, one vote,” regardless of the capital contributed.

The core idea behind a cooperative is mutual assistance. Members pool their resources to procure goods or services, access affordable credit, or market their products collectively. For example, a group of farmers may form a cooperative to buy seeds and fertilizers in bulk at reduced rates, while a consumer cooperative can arrange for essential goods to be sold to its members at cost prices by removing middlemen.

Features of cooperative societies include voluntary and open membership, democratic control, emphasis on service rather than profit, limited return on capital, and collective decision-making mechanisms. Membership is open to all individuals sharing a common interest, and entry or exit is entirely voluntary. This structure fosters transparency, inclusiveness, and accountability.

 

The working of a cooperative society is based on certain key characteristics:

  **Equality among members in terms of voting rights, regardless of their monetary contribution.

  ** Profits distributed based on participation or reinvested for the collective good.

  ** Limited return on capital to discourage capitalistic exploitation.

  Focus on economic and social upliftment rather than personal profit.

WHY CHOOSE US?

*To create awareness on the necessity of thrift and savings;

Help to organize new Co-operative Credit Unions especially with the participation of low earning group of people to accumulate savings in order to create capital to be lent to its members and develop socio-economic condition of people on `Self-help’ basis

 

** To organize various types of educational training, workshop, seminar and forum to educate the leaders, members and professionals of co-operative credit unions;

 

** To collect advance technologies and publish different educational booklets, bulletin, co-operative finance and governance newsletter and many other necessary forms to be used in the management and accounts of the co-operative credit union

 

** To develop skill and performance of Credit Union staff members as well as CCULB staff too

 

**To monitor and evaluate the member JSJS;

** To implement statutory as well as internal audit to its members co-operative credit unions

 

** Improve and standardize JSJS Team.

** To provide Mutual Aid Services to its members.