Modi Government creates a new Ministry of Co-operation
New Delhi, July 6, 2021
Ahead of tomorrow's expected reshuffle and expansion of the Union Council of Ministers, the Narendra Modi Government today created a separate "Ministry of Cooperation" for realizing the vision of "Sahkar se Samriddhi" (Prosperity through Cooperation).
The ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country, an official press release said.
"It will help deepen co-operatives as a true people based movement reaching upto the grassroots," the release said.
"In our country, a co-operative based economic development model is very relevant where each member works with a spirit of responsibility," it said.
According to the release, the ministry will work to streamline processes for "Ease of doing business" for co-operatives and enable development of Multi-State Co-operatives (MSCS).
"The Central Government has signaled 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 release added.