The cooperative movement plays a significant role in promoting socio-economic development and empowering communities. In the context of Sri Lanka, cooperative organizations have a rich history and have contributed to the well-being of its citizens. This article provides a comprehensive overview of the cooperative movement in Sri Lanka, exploring its legislative framework, historical background, and recommendations for improvement. Table of Contents 1. Introduction 2....

Cooperative principles are a set of guidelines that define the core values and operating framework of cooperative enterprises. These principles were established by the International Cooperative Alliance (ICA) and have been widely adopted by cooperatives around the world. The cooperative principles are as follows:1. Voluntary and Open Membership: Cooperatives are open to all individuals who share a common interest and are willing to contribute to the cooperative's...

Throughout history, people have come together to solve common problems, share resources, and improve their lives. One powerful manifestation of this collective spirit is the cooperative movement. Cooperative enterprises have played a vital role in empowering individuals, fostering community development, and promoting economic equality. In this article, we will delve into the history of the cooperative movement and explore its impact on societies around the...