Primary Cooperative And Members Socio Economic Well Being

INTRODUCTIONIn order to get a clear picture of the subject matter it is imperative to defined cooperative. ICA Statement on the cooperative defines cooperative as an autonomous association of persons economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.However, primary cooperative which is the subject matter is defined as a society which has as its object the promotion of the socio-economic interest of its members through a common enterprise managed in accordance with cooperative principles. A primary cooperative society must have…