Cooperative entrepreneurship: A pathway to inclusive growth and social justice
Cooperative entrepreneurship is emerging as a transformative mechanism to address social and economic challenges, especially for marginalised communities. By integrating economic activities with social objectives, it fosters self-reliance, financial inclusion, and social equity, making it a key pillar for sustainable development.
Cooperatives operate as dual-purpose entities-economic organisations and member-centric institutions-with the aim of maximising member benefits while maintaining operational efficiency. Their governance structures emphasize democratic decision-making and resilience, making them particularly relevant in regions like Eastern India, where socio-economic disparities hinder development. By aligning member incentives with enterprise goals, cooperatives drive regional economic growth and nurture local entrepreneurship.
Worker cooperatives and employee-owned businesses exemplify how collective ownership transforms workplaces. Through reinvesting profits locally and prioritising social objectives over profit maximisation, cooperatives contribute to community development and social impact. Eastern India can draw inspiration from dairy cooperatives like Amul and the Amreli Model, which have........
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