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