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Government creates Ministry of Co-operation for strengthening of cooperatives

The Union Government has created a separate Ministry of Co-operation 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.
Current AffairsIt will help deepen co-operatives as a true people based movement reaching up to the grassroots and reports say that in the country, a co-operative based economic development model is very relevant where each member works with a spirit of responsibility.

The new Ministry will work to streamline processes for Ease of Doing Business for co-operatives and enable development of Multi-State Co-operatives. The Central Government has signaled its deep commitment to community-based developmental partnership. The creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister.
Published date : 07 Jul 2021 05:05PM

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