Producers’ Cooperative Society – Producers or industrial cooperatives are voluntary associations of little producers and artisans who join hands to face opposition and augment production.
Nature of Business: It is built by the collection of same products producers.
Objective: To protect the producer’s right in the way of producing the products regularly with the proper distribution.
Functions: It’s restated to the productions activities
distribution of profit: Profit is distributed according to the payment of capital to the members.
Consumers’ Cooperative Society – Consumers’ cooperatives are created by the consumers to get there on daily basis requirements at evenhanded prices. Such a society buys goods directly from manufacturers and wholesalers to get rid of the profits of middlemen.
Nature of Business: Purchasers or consumers of the different products establish these organizations.
Objective: To supply the necessary goods at a reasonable price is the main objective.
Functions: Products distribution is the main function among the members.
distribution of profit: Profit is distributed according to the total purchase of the members.