ABOUT THE MALAYSIA COOPERATIVE POLICY (DaKoM) 2030

The Malaysia Cooperative Policy (DaKoM) 2030 is a continuation of the National Cooperative Policy 2011–2020. The framework of DaKoM 2030 outlines the strategic direction for the development of cooperatives in enhancing their economic performance and the social well-being of their members, with the vision of positioning the cooperative sector as a key catalyst for Malaysia’s socio-economic growth. DaKoM 2030 has been formulated to achieve three main objectives:

1. To position the cooperative sector as a significant contributor to Malaysia's economic growth;
2. To develop competent, resilient, and widely accepted cooperatives among Malaysians; and
3. To establish cooperatives as a preferred business model in driving Malaysia’s socio-economic development.

The four (4) fundamental principles outlined under DaKoM 2030 are Unite, Educate, Develop, and Grow. To chart the strategic direction of the cooperative movement through to the year 2030, a total of four (4) Policy Pillars comprising 20 strategies have been formulated as a roadmap to drive the cooperative sector towards greater excellence by 2030.

Policy Pillar 1: Transforming Cooperative Support for a More Conducive and Holistic Ecosystem

Policy Pillar 2:Enhancing Understanding and Appreciation of the Cooperative Sector

Policy Pillar 3: Strengthening Cooperative Capacity and Capability

Policy Pillar 4::Advancing the Cooperative Sector as a Socio-Economic Driver

DaKoM 2030 targets a cooperative sector revenue of RM73 billion by the year 2030, an active cooperative rate of 65%, and an improvement in the Cooperative Member Well-being Index (IndeKA) to a score of 80

To achieve these targets, 20 strategies have been formulated, where the key performance indicators (KPIs) for programmes and activities by all stakeholders are established and monitored under the Implementation Monitoring Steering Committee, chaired by the Secretary-General of the Ministry of Entrepreneur and Cooperatives Development (MECD) and coordinated by the Transformation Management Office of the Malaysia Co-operative Societies Commission (SKM).