Question

What role do the cooperatives play in ensuring food security in India?

Answer 1

Hint: Cooperatives are member-owned, member-controlled, and member-run businesses that seek to meet their shared economic, social, and cultural needs and expectations.

Complete answer:
Cooperatives put people together on a fair and democratic basis. Cooperatives are democratically governed by the 'one person, one vote' law, whether the participants are clients, employers, users, or tenants. Members have similar voting rights regardless of how much money they invest in the business

(i) In India, cooperatives play an important role in food security, especially in the country's southern and western regions.
(ii) Cooperative societies established shops to market low-cost items to the needy. for example, Co-operatives operate about 94 percent of all fair price shops in Tamil Nadu.
(iii) In Delhi, Mother Dairy is making significant progress in providing milk and vegetables to customers at a regulated rate set by the Delhi government.
(iv) Gujarat's Amul cooperative is another success story of milk and milk products. It has resulted in the country's White Revolution.
(v) There are several more cooperatives operating in various parts of the world, ensuring the food security of various segments of society.

Note: People may take care of their economic future by cooperatives, and since they are not controlled by individuals, the economic and social benefits of their activities remain in the communities where they are founded. Profits are either re-invested in the company or returned to the shareholders.