Difference between a policy and procedure

Hello,

A policy according to me is a kind of principle or rules fixed by superior authority in the country based on their understanding of system or problem or requirement. It is a way to the decision making process. A true policy involves the solution for overall objective/need towards framework of policy itself.

A procedure is a way to implement the policy keeping in view the objectives of introduction of policy. It may involve various steps for accomplishment of policy.

For example maintaining capital structure in a corporate is a kind of policy and ROC work for modify the structure is a kind of procedure.

Am not sure whether able to bring something useful?

Regards

Thanks Mr Ankur Garg nicely explained

Thanks Sivaram ji as it was just an honest attempt simply away from technical language. Thanks for accepting the reply in the most humble manner.

Regards

Shall Add. the example with humbleness

Policy: Software Company has a policy of keeping 10 persons on bench.

Procedure: To recruit to fill these positions if vacant or if number falls below 10 due to some project.