Central govt creates New Ministry for Co-operatives

  • July 7, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Central govt creates New Ministry for Co-operatives

Subject : Governance

Context : In a historic move, a separate ‘Ministry of Co-operation’ has been created by the NDA Government for realizing the vision of ‘Sahkar se Samriddhi’.

Concept :

  • 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 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).
  • Creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister.
Central govt creates New Ministry for Co-operatives Governance