Published by: BhumiRaj Timalsina
Published date: 20 Jan 2022
A co- operative organization is the form of organization which is established by the people of weaker society to uplift their social and economic condition. It is formed with the idea of living together and working together. It is a voluntary association of people who join together for carrying on a business with the principles of equality and mutual help. It is a democratic organization which is operated for the service of its members. It works with the motto of each shall work for all and all for each. A cooperative organization prefers services instead of profit maximization, joint actions instead of cut- throat competition, self help and self reliance instead of undue and unwanted dependence, development of morality of members instead of emphasis on earning money. Co-operative started in Nepal in 2010 B.S. The co-operative department was established that year with a view to developing cooperative through people's participation and mobilization. While this department was attempting to closely study the activities carried out in the cooperative sector in different parts of the world, the people of Nepal had to face the devastation of floods in 2011 B.S. The following are the main definitions of a co- operate organization:
"A co- operate is a form of organization, where persons, irrespective of caste, caste and religion, voluntary associate together, as human beings, on the basis of equality for the promotion of their common economic interests. - Sherlekar
"A co- operative is an association of the weak who gather for a common economic need and try to lift themselves from a weakness into strength through business organization." -Talmaki
" A co-operative is an organization wherein person voluntarily associate together as human beings on the basis of equality for the promotion of the economic interest of themselves." -Prof. E.H Calvert
The following are the main characteristics of a co- operative organization are: