Importance Of Cooperative Society

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2.1.5 Obligation of cooperative societies According to proclamation, (985/2016) cooperatives have the following obligations Provide service for their members according to the plans uphold protect the right of employees of the cooperative societies according to the labor low of the country except income tax cooperative societies shall pay the necessary payment to government according to the law in the time ,respect and work according to the bylaw provide the necessary information to the appropriate body at request time operate only by upholding the principle and purpose for which it is established PRIMARY COOPERATIVES
Primary cooperatives society means society established by individuals having similar …show more content…

Primary cooperatives have been recognized as a veritable instrument for the promotion of member economic welfare owing to its ability in mobilizing and organizing people of the same economic and social aspiration into a common enterprise or primary societies therefore becomes very appropriate and suitable for improving the economic welfare of people through a common and collective enterprise that is people oriented (Okoh, 2003 cited byhttps://www.nairaproject.com/projects/432.html). 2.1.6 Historical development of cooperatives
The pioneer of cooperative movements in various countries used cooperation as a form of organization for organizing weaker sections like workers, consumers, farmers, artisans, etc., for liberating them from the exploitation by stronger groups, like traders and money lenders ( Tsegay 2008).
Cooperative history in Ethiopia includes many decades of state-run enterprise, involuntary membership regulations, and centralized fixed prices. The cooperative sector has changed substantially in the past decade, and entered into a period of democratic governance and free market reform. Cooperative Unions, which were initially formed in the late 1990s, serve as umbrella organizations for primary-level cooperatives. There are currently 370 unions in Ethiopia (Hayden

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