The International Day of Cooperatives in India is observed on the first Saturday of July every year. Its purpose is to raise awareness about the importance of cooperatives and their contributions to society. Cooperatives are organizations that are owned and run by their members, who work together to meet their common economic, social, and cultural needs. They are based on principles such as voluntary and open membership, democratic control, and the distribution of surplus based on member participation.
The International Day of Cooperatives was first celebrated in 1923, and it became an official United Nations observance in 1995. In India, cooperatives have a rich history that dates back to the early 20th century. They have played a significant role in the development of agriculture, banking, and consumer goods sectors. The first cooperative society in India was established in 1904, and since then, the movement has grown significantly.
In India, the day is marked with various events and activities, including seminars, workshops, and cultural programs. It provides an opportunity to recognize the contributions of cooperatives, raise awareness about their benefits, and promote their growth and development. The International Day of Cooperatives is observed annually on July 1st.
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Top things to do in India for this observance
References and related siteswww.un.org: UN Day of Cooperatives 2022