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 Modi govt has created a separate ‘Ministry of Co-operation’. This new ministry will provide a separate administrative, legal, and policy framework for strengthening the cooperative movement in India in order to realize the vision of #SahkarSeSamriddhi.https://t.co/5j0HIaj2nu
— NSitharamanOffice (@nsitharamanoffc) July 7, 2021
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.
