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International Day of Cooperatives being observed today
Today, the International Day of Cooperatives (IDC) is being observed with the theme 'Youth, the future of cooperative enterprise' for empowering the youth globally.

THE 17TH UN International Day of Cooperatives (IDC) is being observed on Saturday with the theme "Youth, the future of cooperative enterprise" to highlight the significance of cooperative model of enterprise in empowering the youth. It was in 1992 that the UN General Assembly proclaimed the first Saturday of July 1995 the first IDC.
 
The UN-articulated purpose of the theme is to encourage dialogue and understanding across generations and promotes the ideals of peace, respect for human rights and freedoms, and solidarity though cooperative and participatory management of social and commercial enterprises.
 
On the eve of IDC-2011, UN Secretary-General Ban Ki-Moon in his released message said, “I encourage the cooperative movement to engage with youth, in a spirit of dialogue and mutual understanding. Let us recognize young women and men as valuable partners in strengthening the cooperative movement and in sustaining the role of cooperatives in social and economic development."
 
"Co-operatives provide opportunities to young people to gain professional employment experiences, to further their education and provide capacity building, encourage participation in decision-making in co-operatives or form their own co-operatives," said International Co-operative Alliance in its message on the occasion of IDC. 

 
Co-operatives have been an important part of the Indian and global economy - as many entrepreneurs have initiated co-operative enterprises in fields such as banking and non-government organizations.
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