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A cooperative society is a voluntary association of individuals who come together to achieve common economic, social, or business objectives through mutual cooperation. It is formed primarily to provide services and benefits to its members rather than to earn maximum profit. The basic principle of a cooperative society is “self-help through mutual help.” It is generally established under the relevant Cooperative Societies Act and is managed democratically by its members. A cooperative society is based on voluntary membership. Any person who satisfies the prescribed conditions can become a member and can _______ ________ _____ ________ _________ _________ __________.
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