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In fulfillment of the provisions of section 15, article XII of the Philippine Constitution. To have an agency that would promote the viability and growth of cooperatives as instruments of equity, social justice and sustainable economic development, defining its powers, functions and responsibilities, rationalizing government policies and agencies with cooperative functions, supporting cooperative development, transferring the registration and regulation functions of existing government agencies on cooperative as such and consolidating the same with the authority, appropriate funds, therefore, and for other purposes.