Education of member etc

Every Co-operative Society shall include a certain amount in its budget annually, as provision for expenses on education of member and potential member, education and training of staff and directors for the development of their Co-operative Societies in accordance with the Co-operative Principles specified in Schedule 'A' and practises of co-operation, besides contributing at least 1% of profit or an amount specified by the Registrar in case of societies earning net profit, to State Co-operative Union for Co-operative Education and Training.