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In News
- Recently, the government constituted a 47-member committee, headed by former union cabinet minister Suresh Prabhu to draft a new national cooperation policy document .
About
- This Policy is being formulated to realize the government’s vision of ‘Sahakar Se Samriddhi’.
- It will have a holistic approach from primary agriculture credit societies (PACS) upwards.
- It will fulfill the mandate given to the new Ministry of Cooperation, which includes strengthening cooperative movement in the country and deepening its reach up to the grassroots, and promoting cooperative-based economic development model.
- The existing National Policy on Cooperatives was formulated in 2002.
- Significance: It will promote a cooperative-based economic development model.
- The new policy will go a long way in strengthening the co-operative movement in the country.
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Source :TH
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