Question
Discuss in detail the Principles of 1995 Cooperative Statement (ICA, 1995).
Answer :
Word Count : 527
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Skip in 10
The 1995 Statement on the Cooperative Identity, adopted by the International Co-operative Alliance (ICA), provides a comprehensive framework for understanding the principles and values that guide cooperatives worldwide. This statement, building on earlier definitions and principles, clarified the cooperative identity by establishing core principles that all cooperatives should observe, ensuring they maintain their distinctiveness and social relevance while promoting sustainable growth and development. The principles are rooted in cooperation, democratic governance, and concern for the community, reflecting the genesis of cooperative movements that emerged in response to economic inequalities and social challenges. The first principle emphasizes voluntary and open membership, stating that cooperatives are open to all persons willing to accept the responsibilities of membership without discrimination based on gender, social status, race, political affiliation, or religion. This principle ensures inclusivity and
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