For the purpose of bolstering the cooperative movement, the Modi government has introduced a Ministry of Cooperation

The day before the much-anticipated cabinet reshuffle, a new ministry has been established.

The Ministry of Co-operation has been established by the central government to offer a separate administrative, legal, and policy framework for the country’s cooperative movement.

The Ministry has been constituted in order to carry out the vision of ‘Sahkar se Samriddhi.’ The Ministry will endeavor to expedite processes for co-operatives’ ‘ease of doing business’ and enable the growth of Multi-State Co-operatives (MSCS).

It stated that the government has exemplified its “strong commitment to community-based developmental partnerships,” and that the establishment of a separate ministry also fulfils the Finance Minister’s announcement in the Union Budget.

According to Union Minister Piyush Goyal, this will give the cooperative movement a substantial improvement and establish a “true people’s momentum” for progress.