Regional Institute of Cooperative Management, popularly known as RICM, Chandigarh was set up in July, 1956 at Sangrur as a Block Development Training Centre. Later on, it was named as Cooperative Training College & shifted to Patiala (This institute was shifted to Chandigarh in the year 1973). The Cooperative Training Colleges were under the administrative control of Reserve Bank of India at that time. In early 60’s, these institutions were transferred to National Council for Cooperative Training (NCCT) , New Delhi. Looking at its wider area of operation, the institute was made Regional Institute of Cooperative Management in the year 1996. This institute has rendering services to the States of Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Delhi and the Union Territory of Chandigarh.

RICM: It is where the voyage to the profound depths of knowledge begins. With its rich ambience and vibrant culture, it is the perfect place to nurture young minds for a better understanding of the cooperative world. Aspirations of the youth are given flight by the seasoned faculties who have set up benchmarks through their vital contributions to the industry. By imparting quality education, RICM is developing a future leader out of every individual who will be ushering management into a new era. RICM provides proactive education to its students through varied approaches of learning like, learning outside the class room, workshops, practical learning, case developments etc.

RICM is one of Chandigarh’s leading training institutions with a long term commitment to develop leaders of the future, people who have an interest in and commitment to contributing to the economic , cultural and social future of the region and the country. With more than 50 years of educational experience, the RICM, combining tradition with a strong sense of innovation and exploration is regarded as one of the most research intensive institutions in the states of Punjab Haryana, Himachal Pardesh, Delhi, Jammu & Kashmir as well as the Union Territory of Chandigarh.

Developed in consultation with the industry and professionals, many of the RICM’s programmes integrate work experience with learning to ensure that the participants are equipped with qualities which the employers look for, and become significant contributors in their chosen professions.

Administratively, RICM is functioning under the aegis of the National Council for Cooperative Training (NCCT), New Delhi funded by the Ministry of  Cooperation as per Govt. of India norms. The RICM is situated in its own campus in sector 32-C, Chandigarh which is approximately 8 kms from both the ISBT Sector 17 and Chandigarh Railway Station. It is approximately 15km from the Chandigarh Airport With the ever growing demand for the professional managers to manage the various business enterprises located in various business enterprises located in the region, especially Business Administrator, it is felt that the introduction of the proposed BBA (Affiliated to Panjab University, Chandigarh) at the institute would be able to bridge the gap between the demand and supply of professional managers to certain extent.