National Cooperation Policy (NCP)

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.

Source :TH