Live Breaking News & Updates on Multipurpose Cooperatives Society

Posted on March 7th, 2021
KAMALIKA PIERIS
Philip Gunawardene    was the creator of the
Multipurpose Cooperatives Society. Until
1956, the cooperatives had been single purpose ones. There were separate cooperatives for
food distribution, for savings and loan disbursement.
 There were about   10,500 of cooperatives   and they were of 70 different types. Philip
decided to weld them into one organization, the Multipurpose Cooperative Society.  By 1958 a fair number of Multipurpose
Cooperatives were formed, others were converted. There was terrific enthusiasm
on the part of the public, said Meegama
The village level Multi-purpose Cooperative was a small unit and it would have to
depend on the private sector for its stock. Therefore Multipurpose ....

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