HISTORIC MOVE! 'Ministry of Co-operation' created by Modi government - 'Sahkar se Samriddhi' vision in focus

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’.

‘Ministry of Co-operation’

-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 up to the grassroots.

EASE OF DOING BUSINESS

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

BUDGET ANNOUNCEMENT

The creation of a separate Ministry for Co-operation also fulfils the budget announcement made by Finance Minister Nirmala Sitharaman. 

"In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility," a government statement said. "The Central Government has signaled its deep commitment to community-based developmental partnership."