A cooperative is an system voluntarily to meet their common, economic, social and cultural needs
Mission:-
Punjab Cooperatives resolve for Greater self-reliance, Administrative efficiency and structural reforms.
Values & Principles:
"Cooperatives"
A cooperative is a system constituted voluntarily to meet the common economic, social and cultural needs and aspirations of the members through a jointly-owned and democratically controlled enterprise.
Principles:-
- Voluntary and open membership : Cooperatives are voluntary organisations, open to all persons who are able to use their services and willing to accept the responsibilities of membership, without social , racial , political and religious discrimination.
- 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 members.
- Members' Economic Participation : Members contribute equitably to, the capital of their cooper-ative. 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 :
- Developing their cooperatives possibly by setting up reserves, part of which at least would be indivisible
- Benefiting the members in proportion to their transaction with the cooperative and supporting other activities approved by the members
- 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.
- Education, Training and Information: Cooperatives provide Education and Training to their members, Managers and employees so that they can contribute effectively to the development of their cooperatives.
- Cooperation among Cooperatives : Cooperatives serve their members most effectively and strengthen the cooperatives movement by working together through Local, National, Regional and International structures.
- Concern for Community : Cooperatives work for the sustainable development of the community through policies approved by their members. Their motto is to make the progress line go higher and higher.
Cooperatives - An Introduction
Cooperatives have played a vital role in improving the economic conditions of farmers and accelerating the pace of development in Punjab.
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 areas such as agriculture, housing, sugar production 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.