Mention the principles of cooperatives. GROUP: B Descriptive Answer Questions 5 × 10 = 50

The principles of cooperatives, as outlined by the International Cooperative Alliance (ICA), are the foundational values that guide their operations. They are:

1. Voluntary and Open Membership Cooperatives are open to all individuals who can use their services and are 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, who actively participate in setting policies and making decisions.

3. Member Economic Participation Members contribute equitably to, and democratically control, the capital of their cooperative. They also benefit from its surplus in proportion to their transactions.

4. Autonomy and Independence Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, they do so on terms that ensure democratic control.

5. Education, Training, and Information Cooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their 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 their communities through policies approved by their members.