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LABOURFED
THE PUNJAB STATE COOPERATIVE lABOUR AND CONSTRUCTIONFEDERATION LTD.
History & Introduction:-
 

The Punjab State Cooperative Labour & Construction Federation Ltd; Chandigarh (Labourfed) was registered on 17.7.1956  vide  registration No. 854 under the Punjab Cooperative Societies, Act with a membership of all the Distt. Coop. Labour & Construction Unions in the State. The minimum membership for the Distt. Coop. L/C. Unions is Rs. 5,000/- with an admission fees of Rs.5/-. 
                   The Headquarters of the Federation is at Chandigarh with its office at S.C.O. No. 2, Industrial Area, Phase-II, Chandigarh.
                   The Labourfed has an elected body of 7 Elected Directors and one    co-opted Director which includes Chairman, Vice-Chairman and Hony. Managing Director. The Registrar, Cooperative Societies,  Punjab or his nominee is an ex-officio member of the Board of Directors.
                   The terms of the Board is five years.

Objectives Of Organization:-
 

The main object of the Federation is to coordinate and facilitate the working of the Cooperative Labour & Construction Societies and Distt. Coop. L/C Unions in the State. In pursuance of this object the Federation may undertake all such measures as are likely to assist and promote the organization and functioning of Labour & Construction Societies and Unions.

  Secondary Objectives
   
  • To help Labour & Construction Societies in securing works from the Govt. and or other public and private institutions or from normal trade channel.
  •    
  • To represent the case of Labour & Construction Societies in the State and to place the difficulties before various Govt. Deptt. so as to ensure speedy redress of their grievances.
  •    
  • To provide financial accommodation to the Labour Cooperatives for execution of works/contractors entrusted to them.
  • Financial Figures of last three years
    (Amt in Lacs)

    S. No. Particulars 2013-14 2014-15 2015-16
    1. No. of Societies 1714 1762 1773
    2. Membership 98680 101141 101524
    3. Owned Funds 1588.04 1903.35 1904.89
    4. Working Capital 3248.28 3736.84 3907.29
    5. Value of Work done 44839.66 47083.09 49928.17