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COOPERATIVE PRINCIPLES

  • COOPERATIVE PRINCIPLES

Cooperatives around the world generally operate according to the same core principles and values, adopted by the International Co-operative Alliance in 1995. Cooperatives trace the roots of these principles to the first modern cooperative founded in Rochdale, England in 1844.

1. Voluntary and Open Membership

Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

2. Democratic Member Control

Cooperatives are democratic organizations controlled by their members—those who buy the goods or use the services of the cooperative—who actively participate in setting policies and making decisions.

3. Members' Economic Participation

Members contribute equally to,the capital of the cooperative. This benefits members in proportion to the business they conduct with the cooperative rather than on the capital invested.

4. Autonomy and Independence

Cooperatives are autonomous, self-help organizations controlled by their members. If the co-op enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure democratic control by the members and maintains the cooperative’s autonomy.

5. Education, Training and Information

Cooperatives provide education and training for members, elected representatives, managers and employees so they can contribute effectively to the development of their cooperative. Members also inform the general public about the nature and benefits of cooperatives.

6. Cooperation among Cooperatives

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

7. Concern for Community

While focusing on member needs, cooperatives work for the sustainable development of communities through policies and programs accepted by the members.

COOPERATIVE ENTERPRISES BUILD A BETTER WORLD
Notification
  • Caution against various Co-operative societies using the word Bank in their names
  • Investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks
  • Modus Operandi and Precautions to be taken against Fraudulent Transactions - Banks
  • Issue and regulation of share capital and securities - Primary (Urban) Co-operative Banks
  • Master Direction Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022
  • Annual Report_2018-19
  • Amendment to Master Direction (MD) on KYC
  • All entities registered with Central KYC Registry (CKYCR)
  • BOM - RBI Gov 27-01-2020
  • Progress of Urban Co Operative Banks in Gujarat 2019
  • Quiz Program Invitation
  • No Objection Certificate(NOC) for shifting of sub-membership for ensuring uninterrupted service to Clients of Submember Banks
  • An approval from the bank which will make your clearing arrangement under CTS is to be obtained in the form attached.
  • An appeal for Donation

IMPORTANT LINKS

  • Reserve Bank of India
  • RBI monthly publications
  • T BILL rates
  • NABARD
  • Banking Frontiers
  • Indian co-operative
  • Gujarat Government
  • Registrar Co-operative Society
  • Cooperative Department
  • GSWAN
  • International Co-Operative Alliance
  • Gujarat State Co.Op.Bank Ltd.
  • AMUL
  • Gujarat High Court
  • Indian Bank's Association
  • NAFCUB
  • Sitemap
  • Disclaimer

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