Skip Ribbon Commands
Skip to main content
Cooperatives Division (under the aegis Ministry of Business, Enterprise and Cooperatives)

Incentives


Major Incentives provided to Co-operative Societies:


Scheme for Market Fair​

The Market Fair for Cooperative Societies Scheme amis at providing a platform, at regional and national level, for cooperators and the consumers to interact and and encourage the development and sale of quality cooperative products. 


Upgrading of Cooperative Societies Scheme​

The Upgrading of Cooperative Societies Scheme aims at providing support to cooperatives in terms of procurement of state-of-the-art equipment and product development.


Scheme for Acquisition of IT Facilities​

The Scheme for Acquisition of IT Facilities aims at paving the way for an e-Cooperatives environment and encourages young people to join the sector.


Education Scheme​

The Education Scheme for training aims at strengthening the Continuous Education Development(CED) for cooperators, thereby empowering them to keep abreast with developments in the cooperative sector.


Fiscal Incentives
 
No stamp duty levied:
(i) on an instrument executed by the co-operative society
(ii) on an instrument executed by a member in relation to business transacted with the society, in accordance with its rules.
 
No fee payable by any co-operative society under any enactment relating to registration dues, transcription or inscription fees, except on deed of transfer witnessing the transfer of a motor vehicle.
Dividend from a cooperative society is exempted from income tax.
 

 
Free Audit services
 
Audit and supervision free of charge for co-operative societies whose turnover does not exceed Rs 10 million.
 
  
Guidance and Technical Consultancy Services
 
Guidance and technical consultancy services to co-operative organizations for the implementation of their plans and projects
 
 
 
You may need Acrobat Reader to view these forms in Pdf Version. Download a free copy of Adobe Acrobat Reader by clicking the logo.