Ministry of Co-Operation: A New Ministry to achieve Prosperity through Cooperation

• 07 Jul 2021

On 6th July 2021, a separate ‘Ministry of Co-operation’ has been created by the Union Government for realizing the vision of ‘Sahkar se Samriddhi’ meaning prosperity through cooperation.

Need

• In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility.

Functions

• 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 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).