Difference between Single-Purpose and Multi- Purpose Society

SR.NO

Single- purpose Society

Multi – purpose Society

1

Single-Purpose Co-operative Society is organized by certain persons for fulfilling their one common need.

Multi-purpose Co-operative Society is organized for fulfillment of more than one common need.

2

Generally Single-Purpose Co-operative Society is organized for fulfilling the needs of credit, irrigation, milk etc.

Multi-purpose Co-operative Society is organized with the object of fulfilling or various needs such as credit, supply of improved seeds, agricultural implements, healthy sanitation etc.

3

The liability of the members of Single-Purpose Co-operative Society may be limited as well as unlimited

The liability of members of Multi-Purpose Co-operative Society is normally limited

4

The field of activity of a single purpose co-operative is very wide.

The scope of multi-purpose co-operative society is limited.