First Principle - Unconstrained and Open Membership:
Co-operative society is a free and unconstrained organization for such individuals, who are able to utilize its services and agrees to accept the responsibilities of membership without any gender, social, ethnic, political and religious discrimination.
The Second Principle - Democratic control of the members:
Co-operative society is a democratic organization, controlled by its members who actively participate in the maintenance of its policy determination and decisions. Men and women elected as representatives are responsible to the members. The members of primary co-operative society have equal voting rights (One member - one vote) and the co-operative society is also constituted in democratic manner on other levels.
Third Principle - Economic Participation of Members:
Members contribute in the capital of their societies and control it in democratic manner. At least one part of the capital is the public property of the co-operative society. A member usually gets limited retribution, if any, against the capital contributed as the condition of membership. Members allocate surpluses for any of the following purposes, to establish possible reserve for the development of their society, some part of which would be indivisible, to give the benefits to the members of the society, in the proportion of their contributions and to support other activities approved by the members.
Fourth Principle - Autonomy and Independence:
Co-operative society is an autonomous and self depend organization that is controlled by its members. If they makes contract with other organizations including the Government or make arrangements of capital from external sources, they do so to ensure the democratic control by their members and to maintain the autonomy of their co-operative society.
Fifth Principle - Education, Training and Information:
Co-operative society provides education and training to its members, elected representatives, managers and employees, so that they could effectively contribute in the development of their co-operative society, and they would provide the information on nature and benefits of co-operation to general public particularly to youth and leadership.
Sixth principle - cooperation in cooperative societies:
Co-operative society effectively serves its members through working at local, regional, national and international levels and makes stronger to cooperative movement.
Seventh Principle - Care for Community:
Co-operative society works for steady development of its community, through the policies approved by its members.