What are the advantages of a Multi-State Co-Operative Society?

Advantages of Multi-State Cooperative Society (MSCS): MSCS provides loans at reasonable rates of interest to the poor. This benefits them, as they do not have to go to financiers who lend at high interest rates. MSCS can function pan India as they can start branches in different districts and states. As regulatory requirements of filing, etc. is minimal, MSCS have low compliance costs. A Multi State Co-operative Credit Society belongs to its members, who are at the same time the owners and the customers of their Society. This creates a sense of belonging and ownership among the members.