Modi Govt Creates New Ministry Of Co-operation Ahead Of Cabinet Reshuffle

PM Modi (file image)

In a historic move, the Narendra Modi government has created a separate ‘Ministry of Co-operation’ to realise the vision of ‘Sahkar se Samriddhi’.

Union Finance Minister Nirmala Sitharaman on Wednesday said that the Ministry of Co-operation will provide a separate administrative, legal, and policy framework for strengthening the cooperative movement.

The move aims to strengthen the co-operative movement in the country and deepen cooperatives as a true people-based movement reaching the grassroots. This ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement.

The cooperative-based economic development model is very relevant to the country where each member works with a spirit of responsibility.

The Ministry will work to streamline processes for ‘ease of doing business’ for cooperatives and enable the development of Multi-State Co-operatives (MSCS).

The Central Government has signalled its deep commitment to community-based developmental partnership.

The creation of a separate Ministry for Cooperation also fulfils the budget announcement made by the Union Finance Minister, the sources said. The decision is also being seen as a step to empower farmers.

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