The cooperative movement involves autonomous association of persons united voluntarily to meet their common economic, social and cultural needs through a jointly owned and democratically controlled enterprise. cooperative society, as business enterprises, is different from other firms, in view of the fact that their ownership and control are directly vested in the hands of the members. The cooperative structure is designed on the principles of mutual help, democratic decision making and open membership. cooperative are a reminder to the international community that it is possible to pursue both economic viability and social responsibility incidentally, the current year 2012 is declared by the UN as the International Year of Cooperatives. Voluntary and open membership, democratic control, economic participation, autonomy, training and concern for the community are some of the overarching values with which the cooperatives have been associated with. The cooperative movement has a long history in India. Co-operative societies were set up in India towards the close of the nineteenth century drawing inspiration from the success of experiments related to the cooperative movement in Britain and the cooperative credit movement in Germany. Since inception, the UCBs have been playing an important role in the society economic development of the country by making available institutional credit at affordable cost, particularly, in the urban and semi urban areas. We are a group of businesses that share the same values and principles. Whether it’s the environment, animal rights, fair trade or genetically modified food, we want to make sure you can do business with us without worrying about where your money is going. The co-operative movement in Karalla has a long history. The movement started in Karalla long before the attainment of independence. In 1946 there were 1669 co-operative societies with a share capital of 32 lakhs of rupees. The Central Government tries to implement the policies of globalization in the co-operative sector also like in all other sectors the Nehru Ian policies are discarded in this field also. Nehru has adopted a stand that the co-operative sector had a great role in maintaining the self reliance of the countries did the public sector. Therefore, it was considered to be the duty of the government to strengthen the co-operative sector. But all these policies are being amended now.