00:00Today's topic is Cooperative Societies.
00:02If this is Cooperative Societies, what are the different types of companies and the common ones we will discuss will
00:10be.
00:11One is Consumer Cooperative Society, Producer Cooperative Society,
00:15Cooperative Marketing Society, Cooperative Credit Society,
00:20Cooperative Forming Agriculture Society,
00:24Cooperative Hising Society.
00:25So, first of all, Consumer Cooperative Society.
00:31These societies are formed to protect interest of general consumer
00:35by making consumer goods available at reasonable prices.
00:41They buy goods directly from the producer or manufacturer
00:45and thereby eliminate the middle term in the process of distribution.
00:54The second topic is Producer Cooperative Society.
00:58What do we do here?
01:00These societies are formed to protect the interest of small producers
01:06by making available items of their need for production like raw materials, tools and equipment machinery.
01:17The third topic is Cooperative Marketing Societies.
01:20These societies are formed by small producers and manufacturers
01:24who find it difficult to sell their product individually.
01:30Thus, society collects product from the individual number
01:34and takes the responsibility of selling those products in the market.
01:48These societies are formed to provide financial support to their member.
01:54Such a society accepts deposits from members and grant them loan
02:00at a reasonable rate of interest in times of need.
02:035. Cooperative Forming Agriculture Societies
02:07These societies are formed by small farmers, doers jointly
02:12and thereby enjoy the benefits of large-scale farming agriculture.
02:186. Cooperative Hising Societies
02:21These societies are formed to provide residential houses to their members.
02:26They purchase land, develop and construct a house of flats and a lot same to their members.
02:33Some societies are providing loans at a low rate of interest to members for construction.
02:40These societies are most common in Pakistan.
02:44Some muss look at beÅŸ directly than those cities.
02:44Many players are funded by animal andè–¬ thousand people
02:44Many 3310 people have changed their name for all 5,000 jobs
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