Membership

Any Co-operative society can join and become a member by subscribing to share capital which shall be paid in full at the time of application of membership:

A State level co-operative society, shall purchase at least 1000 shares of the face value of ₹1,000/- each i.e. ₹ 10,00,000/- (Ten Lakhs Rupees).

A National co-operative society and a multi-State co-operative society, not designated as national co-operative society, shall purchase at least 500 shares of the face value of ₹1,000/- each i.e. ₹ 5,00,000/- (Five Lakhs Rupees).

A co-operative society, other than a State level or primary co-operative society, shall purchase at least 10 shares of the face value of ₹1,000/- each i.e. ₹ 10,000/- (Ten Thousand Rupees).

A primary level co-operative society shall purchase one share of the face value of ₹1,000/- each i.e. ₹ 1,000/- (One Thousand Rupees).

Such class or classes of persons or associations of persons as may be permitted by Central Registrar to become members shall purchase at least 2 shares of the face value of ₹1,000/- each i.e. ₹ 2,000/- (Two Thousand Rupees)

The application for membership must be submitted in the specified form along with full value of shares and admission fee (Rs. 500/-).

There is a provision to give dividend up to a maximum of 20% to all the member societies of their share capital after annual accounting.