Industrial Co-Operative

Etymologically cottage, tiny and small industries suffer from the disadvantage of economics of scale owing to small size, little finance, employment of small machines, high cost due to their inability in making bulk purchases etc.  As individual entitles, they cannot also effectively market products and handicaps can be overcome in a substantial way through a cooperative form of organization. The organization of individuals into societies and combination of societies into District and State Level lead to greater efficiency, innovation and larger turnover.

Industrial Cooperatives have been organised with two objectives namely social and economic upliftment of the people living below the poverty line. The most important Social objective is to safeguard the interest of the poorest sections against exploitative trends and to pave way for diffusions and dispersal of wealth. The economic objective of these societies is to create employment opportunities for the people by increasing the production and productivity of the units and to inculcate competitive capability and acceleration in the field of Trade and Industries.