July 13, 2021
3 mins read

Will Ministry of Cooperation unshackle Bharat?

The focus is likely to be on ways in which co-operatives can access finances and technology….reports Mahua Venkatesh

The newly formed ministry of co-operation will be closely watched as it is expected to chalk out guidelines soon that are expected to provide a conducive environment for more such organisations to come up and make the existing ones more efficient. The ministry, under the aegis of Home Minister Amit Shah, will essentially look into ways to expand the co-operative sector across all other segments to ensure that the “aam admi” is benefited, sources said.

The focus is likely to be on ways in which co-operatives can access finances and technology.

The ministry will also play a catalyst in modernising the sector.

The co-operative movement, which has traditionally been existent in India for decades, is yet to modernise and become more organised, they said. Besides, there is no of uniformity of rules guiding the co-operatives, which can either come under the ambit of state governments or central.

Co-operative organisations are owned by the grassroot people who are employed as well as those who use the services. Essentially, they have a common goal of creating wealth while ensuring equal distribution.

“The ministry will help in bringing the co-operative movement back in focus and it is time that this model of business is used to spur growth of the people down the line,” an analyst said.

first Union Cabinet reshuffle(Pic credit ANI)

ALSO READ: Modi 2.0 Adds More Members

“For the first, the co-operative sector has been given due attention. The sector is key to economic development of India and we must look at it in a holistic manner to make it more robust and efficient,” RS Sodhi, managing director Amul told India Narrative.

The dairy brand Amul, which is headquartered in Gujarat’s Anand is a success story as far as the co-operative movement managed by the Gujarat Co-operative Milk Marketing Federation Ltd– goes but India has failed to multiply such co-operative brands.

Sodhi added that co-operatives in India are primarily restricted to the agriculture, housing or banking sectors. “Why can’t we, for example, have cooperatives in other sectors such as restaurants or in case of taxi and other transport services, which are driven by brands such as Uber and Ola,” Sodhi said. He also added that the cooperative movement is a growth driver for “Bharat” more than India.

The Amul chief also said that there are multiple co-operatives which exist in more than one state.

“There is a need to create a framework for co-operatives to expand across the country. The ministry will act as a nodal point and will help in ensuring equitable distribution of profits,” he added.

Meanwhile, Shah has already held a meeting with the chiefs of several so-operatives including the National Cooperative Union of India, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Agricultural Cooperative Marketing Federation of India Ltd (NAFED).

A statement issued by the government said that the ministry 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).

A government official also said that while India presses the pedal on economy in the post Covid phase, efficient management of co-operatives in multiple sectors can boost income levels, especially for people in the grassroot level.

However, much of this will depend on implementation.

(The content is being carried under an arrangement with indianarrative.com)

ALSO READ: Modi’s cabinet expansion has eyes set on UP polls

Previous Story

Fake call centre duping foreigners busted in Delhi

Next Story

VHP objects to UP’s proposed 1-child policy

Latest from -Top News

Taliban’s Grave Warning for Pakistan

It came less than 24 hours after Pakistan’s Defence Minister Khawaja Asif reportedly issued a stern warning to Afghan Taliban…reports Asian Lite News As relations between Afghanistan and Pakistan continue to deteriorate,

US deports 2,790 Indians in 2025

The MEA on Thursday confirmed that over 2,790 Indians were deported from the US this year after authorities verified their identity and nationality….reports Asian Lite News The Ministry of External Affairs (MEA) confirmed on

India–Cyprus talks on future plan

EAM Jaishankar expressed appreciation for Cyprus’ support for India on cross-border terrorism….reports Asian Lite News External Affairs Minister S. Jaishankar and Cyprus Foreign Minister Constantinos Kombos met in New Delhi on Thursday

Rajnath Singh off for ASEAN meet

Singh is expected to hold bilateral meetings with counterparts from the participating ADMM-Plus nations ..reports Asian Lite News Defence Minister Rajnath Singh departed for Kuala Lumpur on Thursday to attend the 12th

India, South Africa boost cultural bonds

On Wednesday, Shekhawat participated in the 4th G20 Cultural Working Group Plenary Meeting under South Africa’s G20 Presidency. ..reports Asian Lite News Union Minister of Culture and Tourism Gajendra Singh Shekhawat met
Go toTop

Don't Miss

Nepal plane carrying 22 including Indians missing

A search operation is underway to locate the aircraft which

India calls Africa’s exclusion from UNSC a historical injustice

In UN General Assembly’s plenary meeting on Partnerships for Africa,