New Ministry formed for big push to co-operatives

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The Narendra Modi government has decided to create a new Ministry of Co-operation with the aim to strengthen the co-operative movement in the country to boost economic development.</p>
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The Ministry will work to streamline processes for ‘ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives, according to an official statement released on Wednesday.</p>
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Senior officials are of the view that successful models such as Amul, and giant fertiliser co-operative IFFCO can be emulated to develop more such enterprises based on the participation of small farmers and artisans. The Horticultural Producers Co-operative Marketing and Processing Society (HOPCOMS) spread across several districts of Karnataka and the Karnataka Milk Federation are other examples of successful co-operatives in the country.  </p>
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The new 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 going down to the grassroots.</p>
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“In our country, a co-operative based economic development model is very relevant where each member works with a spirit of responsibility. In a historic move, a separate Ministry of Co-operation has been created by the Modi Government for realizing the vision of Sahkar se Samriddhi, the statement added.</p>
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The Central Government has signalled its deep commitment to community based developmental partnership. Creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister, the official statement added.</p>