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Principles of Co-operation

  • Voluntary & Open Membership
           Cooperatives are voluntary organizations, open to all persons capable of using their services and willing to accept the responsibilities of membership, without discrimination on the basis of gender, social status, racial, political ideologies or religious consideration.
  • Democratic Member Control
          Cooperatives are democratic organizations controlled by their members, who actively participate in setting their policies and decision making. Elected representatives of these cooperatives are responsible and accountable to their members.
  • Member's Economic Participation
           Members contribute equitably and control the capital of their cooperative democratically. At least a part of the surplus arising out of the economic activity would be the common property of the cooperatives. The remaining surplus could be utilized benefiting the members in proportion to their shares in the cooperative.
  • Autonomy & Independence
          Cooperatives are autonomous self-help organizations controlled by their members. If cooperatives enter into agreement with other organizations including government or raise capital from external sources, they do so on the terms that ensure democratic control by members and maintenance of cooperative autonomy.
  • Education,Training & Information
           Cooperatives provide education and training to their members elected representatives and employees so that they can contribute effectively to the development of these institutions. They also make the general public, particularly young people and leaders aware of the nature and benefits of cooperation.
  • Cooperation among cooperatives
          Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through the available local, regional, national and international structure.
  • Concern for Community
          Co-operatives work for the sustainable development of their communities through policies approved by their members.

Last Updated: 14-03-2022 03:52 PM Updated By: Admin

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