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Mookaiaw
Transport Cooperative Society Ltd. in Jaintia Hills was registered under
Meghalaya Cooperative Societies Act vide Regd. No. Jwi/1 of 1982-83 dated
7.5.1983. In the beginning, the society started only with thirty seven members
by operating a Line Bus or a Bazar Bus but at present it has progressed
extensively with large fleets of vehicles catering to the public transport of
Jaintia Hills. The society is making good profit and the members are being paid
regular dividend as per shares prescribed in their bye-laws.
Thus the
Cooperative Society is playing a crucial role in transporting all the
agricultural products of the farmers to the nearest markets as well as to other
focal points for fetching remunerating prices. The Service of this cooperative
society renders to its small local traders on reaching various local markets and
adjoining area in time thereby creating a sense of ownership and loyalty to
their organization.
The
present position of the society is as follows
:
| Share of individual members | Rs. 94,100.00 |
| Government members | Rs. 2,78,500.00 |
| Net profit 2003 | Rs. 9,22,769.00 |
| Accumulate profit | Rs. 47,66,841.00 |
The
Cooperative Society has improved with an asset of 13 vehicles, comprises of
Buses, Sumos, Indicas, 3(three) Auto
rickshaws and a cash at Bank in C/D deposits and F/D which altogether comes to
Rs.4,58,600.00 viewing from this performance the society is one of the model
Co-operative Societies in the State.
Following the example of this Cooperative Societies every villages in Jaintia Hills District have now registered their own Transport Cooperative Societies which caters to the needs of the respective local residents.
