Co-operation means working together jointly. A Co-operative Society is essentially
an autonomous association of persons united voluntarily on the basis of equality to
meet common economic, social and cultural needs and aspirations of the members through
jointly owned and democratically controlled enterprises by honest means. Co-operative
Societies are expected to function according to certain Co-operative Principles as well
as per provisions of the Co-operative Societies Act and the Rules. Co-operatives are based
on the values of self-help, self-responsibility, democracy, equality, equity and solidarity.
In the tradition of their founders, co-operative members believe in the ethical values of
honesty, openness, social responsibility and caring for others.
As per the latest revision made by International Co-operative Alliance in 1995, The seven Co-operative principles are:-