Are co-operatives relevant in today’s globalised environment

Jan 15 • Group Discussion • 4572 Views • 3 Comments on Are co-operatives relevant in today’s globalised environment

Are co-operatives relevant in today’s globalised environment

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Surely the Co-operatives relevant in today’s environment is standing as a back bone

Before get into this topic we need to know what is co-operative sectors

Co-operative sectors: When a group of members combines and run a business with out the involvement of the government. The members are raw material producers ex : hand loom, fishery, diary products comes under co-operative sector.co-operative business

IMPORTANCE

After the independence of India every one depend on the government for their needs, like so the government also keep’s the people as a lazy fellows by giving the free offers. But in the past couple of decade Government encourage the people to do business for that government had taken lot’s of stepsloan details

  • Loans are specially provided to start business
  • Lot’s of opportunities
  • Credit facilities to the co-operative sector
  • Conducting programs wherein they will educate the member
  • Providing complete information relating to the particular field.

REMOVAL OF UNEMPLOYMENT

As i said early the people depend more on government for their opportunities but people realized after a half century and most of the educated youth started to run their own business.

WHAT IT REMOVES

BY a survey taken among 2.4 billion workers in 2005

    • 1.4 billion did not earn enough to lift themselves and their families
    • 500 million working poor
    • almost 485 million did not earn enough to lift themselves and their families above the US$1 poverty line
    • roughly 90 million were young people aged 15 to 24 where unemployed

resource :http://social.un.org/index/ExpertGroupMeetingsPanelDiscussions/MoreExpertGroupMeetings/CooperativesandEmployment.aspx

so for we have seen what makes us to start the co-operative business
and we now going to see the effects and changes that it has bought to us

    • The co-operative sector has more than one billion members in more than 90 countries around the world.
    • The world’s 300 largest co-operatives have revenues in excess of $1.1 trillion
    • Co-operatives provide more than 100 million jobs around the world, 20 per cent more than multinational corporations.
    • Financial co-operatives serve an estimated 857 million people, 13 per cent of the world’s population.
    • 9,330 credit unions serve 184 million members in 97 countries and have combined assets of $1.35 trillion.

resource:http://www.ica.coop

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3 Responses to Are co-operatives relevant in today’s globalised environment

  1. Sumit Mukherjee says:

    From the independence of India, we rely on the government for our earning. But from last few years, it becomes necessary for us to look for the co-operative sector. Even the government of India supports that interest of us. So this may become a future of us…..

  2. boopathy sathish says:

    every one should work hard by an individual … all the individual working hard should combine to make a co-operative sector

  3. Seetha Manoharan says:

    yes co operatives is really relevant to globalized environment.. let we make our hand together to make the good globalized environment….

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