Formation of Cooperative Societies

Basically, a group of people join hands on their own will to set up a cooperative society to collectively fulfill their economic, social and cultural needs which cannot be done so individually. With a view of having cooperatives to become self reliant and self motivated business enterprises in accordance with the market oriented economy, 1992 Cooperative Societies Law was enacted on 22nd December 1992.

Under this Law, a Primary cooperative society can be formed with a minimum of 5 persons. Any person who has completed the age of 18 years and is a citizen, associate citizen or a naturalized citizen can become a member of the society. A Cooperative Syndicate may be formed with at least 3 Primary cooperative societies. Union of cooperative syndicate and Central cooperative society may be formed consisting of cooperative syndicates. People who wish to form a primary cooperative society can contact any cooperative department and a society thus formed will be duly registered at the department.

Organization chart of Myanmar Cooperatives