International Day of Cooperatives 2015

Date: July 06, 2015

UN.India equality

International Day of Cooperatives:Choose co-operative, choose equality

The International Day of Co-operatives is celebrated on the first Saturday of July every year, which lands us this year on 4 July 2015. The International Day of Co-operatives' purpose is to increase awareness on co-operatives and promote promote the movement's successes and ideals of international solidarity, economic efficiency, equality, and world peace.

The International Day also aims to to strengthen and extend partnerships between the international co-operative movement and other actors, including governments, at local, national and international levels.

The theme of The International Day of Co-operatives 2015 is Choose co-operative, choose equality.

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The co-operative movement presents a unique combination of global reach and needs-based business conduct.It also plays an important role in poverty reduction by widening ownership and by giving people a voice, both inside their organizations and in society as a whole.

Cooperatives In India
The cooperative movement in India has its origin in agriculture and allied sectors. The first Cooperative Credit Societies Act was enacted in 1904.Subsequently a more comprehensive legislation called the Cooperative Societies Act was enacted. This Act provided for the creation of the post of registrar of cooperative societies and registration of cooperative societies for various purposes and audit. Under the Montague- Chelmsford Reforms of 1919 cooperation became a provincial subject and provinces were authorized to make their own cooperative laws. Under the Government of India Act 1935 cooperatives were treated as a provincial subject. The 'Cooperative Societies' is a state subject under entry No 32 of the State List of the Constitution of India.
In order to cover cooperative societies with membership from more than one province, the Government of India enacted the Multi-Unit Cooperative Societies Act 1942.This Act dealt with incorporation and winding up of cooperative societies having jurisdiction in more than one province. A need was felt for a comprehensive Central legislation to consolidate laws governing cooperative societies. This led to the enactment of Multi-State Cooperative Societies Act 1984 by the Parliament under Entry No 44 of the Union List of the Constitution of India.
After Independence, cooperatives assumed a great significance in poverty removal and faster socio-economic growth. They became an integral part of the Five Year Plans. As a result they emerged as a distinct segment in Indian economy. In the First Year Plan it was specifically stated that the success of the Plan would be judged among other things, by the extent it was implemented through cooperative organizations.