The first thing cooperative
societies do to individual members is development of savings culture. It is an age long
established fact that nobody can escape poverty without a savings habit.
Anybody that spends everything on consumption is just a step away from poverty
and its various consequences, no matter how rich the person is today. The story
of the prodigal son is instructive in this regard. Savings culture means,
irrespective of how much you earn today, and your needs, you put something
aside for tomorrow, or invest, to make additional income. This, however, is a
great challenge for many people, especially for low income people, whose needs
are far more than what they earn. Some of them attempt to save, but because the
saving is always within their reach, they find it difficult not to spend the
money. Yet,
