Ministry for Cooperation created to strengthen cooperative movement in India
The ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives
The government has created a separate Ministry for Cooperation to work towards strengthening the cooperative movement in India.
The decision is in line with the promise made by Finance Minister Nirmala Sitharaman in her Budget speech earlier this year.
Describing it as a "historic move", the Cabinet Secretariat on Tuesday said the separate ministry 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 said.
It will help deepen Co-operatives as a true people based movement reaching upto the grassroots.
The ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS).
"In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility," explained the Cabinet Secretariat.
The Central Government has signaled its deep commitment to community based developmental partnership.