The new ministry will strengthen the cooperative moment in the country.
The Modi government has established a distinct ‘Ministry of Co-operation' to realize the vision of ‘Sahkar se Samriddhi.' This is a historic development.
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.
In India, 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 the development of Multi-State Co-operatives (MSCS).
The Central Government has signaled its deep commitment to community-based developmental partnerships. The creation of a separate Ministry for Co-operation also fulfills the budget announcement made by the Finance Minister.