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.
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."
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