For the first time, it has become a historic move by the Modi Government and has now created a separated ‘Ministry of Co-operation’ under the vision of “Sahkar se Samriddhi.”
This ministry is likely to provide a separate administrative body, which will be legal and will look under the policy framework for strengthening the cooperative movement in the country. It will also help to deepen the Co-operatives as a true people-based movement that is likely to reach up to the grassroots.
In India, it is very relevant for members to work with a spirit of responsibility in a Co-operative based economic development model.
The ministry is likely to work under the streamline processes of ‘Ease of doing business’ for co-operatives and enable the development of Multi-State Co-operative.
The Central Government has also signaled up its deep commitment to community-based developmental partnerships. The Creation of a separate Ministry for Co-operation can also fulfill the budget announcement made by the Finance Minister.
As reported earlier by news agency ANI it said that the expansion may take place on 8 July 2021. It also said about the reshuffle and expansion of the union council ministers, the first in the second term of Prime Minister, is likely to see record induction of members from OBC and SC communities.
