Wellcome to National Portal
Bangladesh National Portal
See Other Government Offices

Welcome To the web side of Upazila Cooperative Office, Louhajanj, munshiganj
Main Comtent Skiped

Stories

An overview on Co-operative societies in Bangladesh

Co-operative is a kind of social enterprise which is defined by the international co-operative Alliances’ as an autonomous association of persons’ united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. Though are very little specification and justification what is social enterprise is, it is acknowledged that social enterprise is intending for the social benefit rather than profitability in numerical values. We see the co-operative is originated and cooperated by the people of similar class or society to protect their interest and for the socio-economic development collectively. Historically, cooperative is playing the same role of protecting the low earner and developing their socio-economic condition from the first cooperative in England till now. Though there are some dishonest people is trying to take the advantages of social enterprise goodwill doing microfinance and other financial activities for personal or family benefits in Bangladesh, the effective law has developed by the government and proper implantation could remove this type of activities. The overall cooperative situation in Bangladesh is not expected it ought to be. The prime reasons may be the proper knowledge, unawareness, lack of trust, imperfection of the market competition and corruption. The objectives of the study are as follows: 1. To critically analyze the evolution and the present scenario of the cooperatives in Bangladesh 2. Find out the necessary steps to take for the cooperatives development Methodology of the study This is a descriptive, evaluative and analytical study on the cooperative situation and the current position in Bangladesh. To find out the exact information, the cooperative itself is the best source. So the study has conducted survey to collect the data. Though data is important, without proper guideline and expertise opinion using the data is impossible in a systematic way to justify the research objectives. Considering both issues information and related data has collected from; 1. Primary sources: Using questionnaire, data have been collected by the BBA-41 batch, WUB from different types of cooperative who are running their operations in Dhaka. 2. Secondary sources: Like as; internet, government institutions newsletter, websites, different research organizational websites, existing journal and articles, newspaper etc. The research also covers the informal conversation and daily life experiences. Presentation of the study includes quotations and figures and statistics from different sources. The survey made on 41 cooperatives but due to unavailable and enough data to work on, the analysis has made on 20 cooperatives that has provided enough data. Literature review.