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FORMS OF BUSINESS ORGANISATION 43 (ii) Producer’s cooperative societies: cost. The members comprise farmers These societies are set up to protect who wish to jointly take up farming the interest of small producers. The activities. The aim is to gain the members comprise of producers benefits of large scale farming and desirous of procuring inputs for increase the productivity. Such production of goods to meet the societies provide better quality seeds, demands of consumers. The society fertilisers, machinery and other aims to fight against the big capitalistsdern techniques for use in the and enhance the bargaining power cultivation of crops. This helps not of the small producers. It supplies only in improving the yield and returns raw materials, equipment and other to the farmers, but also solves the problems associated with the farming inputs to the members and also buys their output for sale. Profits among then fragmented land holdings. members are generally distributed on (v)  Credit cooperative societies: the basis of their contributions to the Credit cooperative societies are total pool of goods produced or sold established for providing easy credit by the society. on reasonable terms to the members. The members comprise of persons who (iii) Marketing cooperative societies: seek financial help in the form of loans. Such societies are established to help small producers in selling their The aim of such societies is to protect products. The members consist the members from the exploitation of lenders who charge high rates of of producers who wish to obtain interestonloans.Suchsocietiesprovide reasonable prices for their output. The society aims to eliminate middlemen loans to members out of the amounts and improve competitive position of collected as capital and deposits from the members and charge low rates its members by securing a favourable of interest. market for the products. It pools the output of individual members (vi) Cooperative housing societies: and performs marketing functions Cooperative housing societies are established to help people with like transportation, warehousing, limited income to construct houses packaging, etc., to sell the output at the best possible price. Profits at reasonable costs. The members of are distributed according to each these societies consist of people who are desirous of procuring residential member’s contribution to the pool of accommodation at lower costs. The output. aim is to solve the housing problems (iv) Farmer’s cooperative societies: of the members by constructing houses These societies are established to and giving the option of paying in protect the interests of farmers by instalments. These societies construct providing better inputs at a reasonableflats or provide plots to members on Reprint 2026-27