What is the role of government in co-operative societies?

What is the role of government in co-operative societies?

The government provides security for lives and property and also provides and enacts laws which enables business and co-operative to flourish. Beyond the level of work only for the interest of the member and betterment of the entire society.

What are the roles of cooperative societies?

The main purpose of a Co-operative Society is to provide service to its members. For example, in a Consumer Co-operative Store, goods are sold to its members at a reasonable price by retaining a small margin of profit. It also provides better quality goods to its members and the general public.

What are the roles cooperatives towards the development of industrial economy in Tanzania?

Cooperatives are institutions capable of translating government industrial intentions, explicit or implicit, into action. Flexible institutions like cooperatives and responsive governance can correct for structural imbalances, and also eliminate differences between sectors and regions.

What is the role of Registrar of Cooperative Societies?

Registration of Cooperative Societies; Ensure proper investment of funds by Cooperative Societies as per Act and Rules; Conduct audit, order inspection, enquiry and also fixing surcharge on negligent functionaries of cooperative societies; Settle disputes of Cooperative Societies through the process of arbitration.

What is the role of cooperative and government in community development?

The major roles of the cooperatives to the rural communities include poverty reduction, employment creation, improved food security, women empowerment and human capital development.

What are the role of cooperative in economic development?

As a help-help organization, with proper monitoring and support of the government, cooperatives can contribute to rapid economic growth because of the power of cooperatives to mobilize savings and capital which can serve as inputs in the production of goods and services of the less privileged members of the society.

What are the role of cooperative societies in economic development?

With regard to economic and social development, cooperatives promote the “fullest participation of all people” and facilitate more equitable distribution of the benefits of globalization. They contribute to sustainable human development and have an important role to play in combating social exclusion.

What were the reasons for the development of cooperative society in Tanzania?

Cooperative development in Tanzania has passed different down falls. They were imposed by colonialist during 1920s for the purpose of obtaining the agricultural produce. Despite of these missions, the cooperative in Tanzania had been agricultural based up to 1960s on independence.

What are the powers and functions of cooperative society?

A registered cooperative society can hold property, enter into contracts, institute and defend suit and other legal proceedings and to do all things necessary for the purposes of its constitution. A registered society can give loans only to its members.

Who has the power to much cooperative society?

However, a three-judge Bench led by Justice Rohinton Nariman was not impressed by the government version. In a majority judgment authored by Justice Nariman, the court held that co-operative societies come under the “exclusive legislative power” of State legislatures.