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PICT
THE PUNJAB INSTITUTE OF COOPERATIVE TRAINING
ABOUT US :-
 
 In the year 1969 the institute was set up as Punjab Cooperative Bankers' Training Institute by The Punjab State Coop. Bank Ltd., Chandigarh with the aim to provide training to the employees of State/Central Cooperative Banks.  In 1970, The Punjab State Coop. Agri. Dev. Bank and The Punjab State Coop. Supply & Marketing Fed. (Markfed) also became the member of this Institute and a new name i.e. The Punjab Institute of Cooperative Training was given and more Coop. Apex institutions also became its members.   Later on, it was registered as a Cooperative society under The Punjab State Coop. societies Act, 1961 as "The Punjab Institute of Cooperative Training Ltd.," Mohali at Chandigarh on 15.4.1999.
 
LIBRARY :The Institute has a rich library having books on subjects relating to Cooperatives, Banking, Commerce, Economics, Law, Accountancy and Management etc.  It also purchases magazines, journals and daily newspapers for the trainers and the trainees. PICT is prompt enough to buy all books that cooperative officials wish to read and lend the books to them. It is a library not of shelves but library of an opportunity.
   
BUDGET : In India, PICT is the only State Level Cooperative Training Institute, the budget of which is entirely financed by its beneficiaries which are all Apex institutions and has been functioning without any aid, grant or subsidy from the State/Central Govt. The budget of the PICT is passed once in a year by the Governing Board, Later on it is reviewed in quarterly meetings of Governing Board. Worthy RCS is empowered to earmark the contribution of various institutions. Now PICT has also been allowed to conduct paid training courses for certain organizations. This will enable PICT to hold need based training programmes for other Govt/Semi Govt. institutions alongwith govt. sponsored programmes and other programmes for target group like elected directors and women etc. for strengthening cooperative movement in state.
 

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