INTB 2200 Lecture Notes - Pomegranate, Share Capital, Cooperative Federation

• School: University of Manitoba
• Department: International Business
• Course: INTB 2200
• Professor: Luming Wang

Document Summary

The national co-operative development corporation has been promoting and financing a wide range of economic activities in rural areas through co-operatives. The co-operative is a unique institution in the country catering to the development of the rural economy and agriculture sector through co-operative. There is no other institution in the country which is exclusively for meeting the requirement of co-operatives. Ncdc has been playing special attention to weaker sections co-operatives in various part of the country. The promotional and development role of ncdc had lead to continuous diversification and expansion of co-operative programs under its preview. When producers of agricultural commodities or any other product form a society with an objective of carrying out marketing of their produce, such society is called as co-operative marketing society. The need for co-operative marketing arose due to many defects observed and experienced in the private and open marketing system. Those are: several malpractices prevail in the marketing of agricultural produce.