CO OPERATIVE PRINCIPLES

• The word Principle derived from the Latin word Principium

• The first society started by Woodviek and chaton in the year 1760

• George Davidonic said that co operative Principles  " They are set of rules which govern the life and activity of co operative organization "

• In the words DG Karve Co operative Principles is the " way of organizing and conducting and conducting co operative activities "

• In 1934 ICA appointed a committee to examine the Rochdale Principles 

• This committe submitted the report in 1937 at ICA Congress Paris and divide the Rochdale Principles into two 

         1 . Essential Principles  

         2 . Non essential Principles 

1. Essential Principles

• Open membership
• Democratic management
• Limited interest on capital
• Payment of dividend on proportion to transaction

      2. Non essential Principles

• Religious and political neutrality
• Cash trading
• Education 

• In 1964 the central committee of ICA appointed a committee to redefine co operative Principles 

• The chairman of the  committee was DG Carve 

• The committee submitted the report in 1966 at Vienna congress 

• The accepted Principles were

1. Voluntary and open membership
2. Democratic control
3. Distribution of surplus
4. Limited internet on capital
5. Co operative education
6. Co operation among co operatives 

• The sixth Principle co operation among co operatives known as Carve Principle and Principles of growth 
• In 1995

• The seventh co operative Principle Concern for community accepted by ICA in the year 1995 at Manchester