"Cooperative " 

A cooperative is an system voluntarily  to  meet   their  common  economic,  social  and   cultural   needs   and aspirations through a jointly-owned and democratically controlled enterprise.

Principles

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Voluntary and open membership :

Cooperatives and voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without social , racial , political and religious discrimination.

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Democratic member Control

Cooperatives  are democratic organisations controlled by their members , who actively participate  in  setting  their   policies  and  making decisions .  Men  and  women   serving  as  elected representatives are accountable to the membership.

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Members' Economic Participation

Members contribute equitably  to,   and  democratically  control,  the  capital  of their cooperative . At least partially that  capital  is usually the common property of the cooperatives . Members usually receive limited compensation, if any, on Capital Subscribed as a condition of membership .  Members  allocate surpluses for any or all of the following purposes ::

WB00955_.GIF (255 bytes)   Developing their  cooperatives  possibly   by setting up reserves, part of which at least would be indivisible
WB00955_.GIF (255 bytes)     Benefiting the  members  in   proportion  to their  transaction   with   the    cooperative   and supporting  other   activities    approved  by  the membership
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Autonomy and Independence:  

Cooperatives   are autonomous ,  self-help   organisations   controlled  by  their members .   If   they   enter   into   agreements   with   other organisations, including governments, or raise  capital  from external sources,they do so on terms that ensure democratic control  by  their   members  and  maintain their cooperatives autonomy.

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Education, Training and Information

Cooperatives provide   Education   and   Training   for    their    members, Managers and employees so they can contribute effectively to the development of their cooperatives.

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Cooperation among Cooperatives : 

Cooperatives serve their   members    most    effectively   and   strengthen    the cooperatives movement by  working  together through Local, National, Regional and International structures.

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Concern for Community

Cooperatives  work   for    the sustainable   development   of    their   communities   through policies approved by their members. There motto is to make the progress line go higher and higher.

 

Cooperatives have played a vital role in improving the economic conditions of farmers and accelerating the pace of development in Punjab.

Development through Cooperatives was a dream cherished by freedom fighters of India ever since Independence. Cooperative principles ensure harmonious development, through democratic management and governance.

Cooperatives have brought both the services and resources at the doorsteps of villagers in Punjab. These have been enthusiastically serving the people of Punjab in area such as agriculture, housing, spinning, sugar production, weaving and dairy etc.

The performance of Cooperative Movement in Punjab, is very impressive. Cooperatives constitute the major source of institutional credit for agriculture.

Cooperatives are playing a pivotal role in socio-economic development of the State. These are key instruments of the State to develop and sustain its rural economy, which is primarily agrarian. The Department of Cooperation has accelerated Cooperative movement in Punjab during the last three years

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* Punjab - Food Bowl of India *