A Co-operative based economic development model is very relevant where each member works with a spirit of responsibility. The new Ministry of Co-operation will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable the development of Multi-State Cooperatives (MSCS).
New Delhi/06/06/2021: In a historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realizing the vision of ‘Sahkar se Samriddhi’.
This ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country.It will help deepen Co-operatives as a true people based movement reaching upto the grassroots.
A Co-operative based economic development model is very relevant where each member works with a spirit of responsibility. The Ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS).
The Central Government has signaled its deep commitment to community based developmental partnership. Creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister.
Source: PIB, Government of India
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