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Shah said that the goal is to create at least one cooperative organization in every village of the country. Apart from this, the goal is to bring at least 50 crore people under the purview of cooperatives.
New Delhi: To promote the cooperative sector in the country, Union Minister Amit Shah on Thursday announced a new national policy. The aim of the new policy is to establish a more professional managed and financially independent cooperative organization in every village.
This latest announcement came after 23 years when a similar policy for cooperative societies was introduced in 2002, when the National Democratic Alliance led by Prime Minister Atal Bihari Vajpayee was in power. Unveiling the ‘National Cooperation Policy – 2025’, Shah, who is taking over both the Ministry of Home and Cooperation, stressed that cooperatives are equal to the corporate sector in all aspects including taxation. He urged the states to implement the new policy as soon as possible and emphasized that the cooperative sector has the ability to bring development for India, which aims to become a developed nation by 2047.
Target to create cooperative organization in every village
He said that mission cooperative organizations have to be made professional, transparent, equipped with technology and financially independent and successful. Shah said that the goal is to create at least one cooperative organization in every village of the country. Apart from this, the goal is to bring at least 50 crore people under the purview of cooperatives. The minister said that the policy is visionary, practical and result. He further said that the Modi government has targeted to make India the third largest economy in the world by 2027. I am confident that we will definitely achieve this goal. Shah said that in the last 4 years, the Ministry of Cooperation has achieved many achievements, but its biggest achievement is that today the member of the country’s smallest cooperative unit also stands proudly. The minister expressed confidence that this latest policy would prove to be helpful in making India a developed nation by 2047.
State governments also request to implement
He also urged the state governments to implement the new policy. Shah reminded that the BJP -led government at the Center formulated the first national policy for cooperative areas in 2002 and the next policy has also been introduced by the government led by Prime Minister Narendra Modi. This policy has been prepared by the 48 -member National Level Committee headed by former Union Minister Suresh Prabhakar Prabhu. The new cooperative policy will prove to be a milestone in India’s cooperative movement for the next two decades by 2025-45. It has been designed to increase the role of the region in the cooperative institutions to make it “more active and useful in the current economic scenario” and to achieve the goal of becoming a developed nation by 2047. This policy will also try to make cooperative cooperatives as employment generation centers. This committee received about 750 suggestions from stakeholders. The committee also held extensive discussions with RBI and NABARD.
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