New Delhi: Right ahead of the much-anticipated Union Cabinet reshuffle which is all set to take place on Wednesday, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realising 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 will help deepen Co-operatives as a true people-based movement reaching up to the grassroots.
This intends to give more power to Co-operative based economic development model which is very relevant and where each member works with a spirit of responsibility in present times.
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.