State whether it is true or false.

Co-optex stores are an initiative of the Tamil Nadu government.

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An Intiative by Sri Chaitanya

True

False

answer is A.

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Detailed Solution

The above statement is true.
Cooperatives mean a group of people with similar interests coming together to put forward their demands. Cooperatives are helpful as it strengthens the bargaining power of the members. For instance, there are various weavers cooperatives throughout India that reduce the dependence of weavers on merchants. Such cooperatives are even aided by governments as well. For example, the Tamil Nadu government buys clothes from handloom weaver’s cooperatives at reasonable rates and then sells the clothes through its established Co-optex stores. These Co-optex stores are present all across Tamil Nadu, thus, this helps the weavers to earn a fair amount of money by selling their goods to the government.

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