NEW DELHI: Union home and cooperation minister Amit Shah Monday said a national cooperative policy will soon be announced, which will be effective from 2025 to 2045 - ending ahead of India centenary of Independence in 2047.
Addressing the 'Manthan Baithak' meeting of ministers of cooperation of all states and UTs here, Shah said under the national cooperative policy, each state will formulate its own cooperative policy as per local needs.
Suggesting that every state announce its cooperative policy before Jan 31, 2026, he said Model National Cooperative Policy Act will bring discipline, innovation and transparency to the cooperative sector across the country.
The purpose of the 'Manthan Baithak', marking the celebration of the International Year of Cooperatives (IYC) 2025, was to review ongoing schemes to strengthen the cooperative movement in India , assess achievements, and provide a dynamic platform to promote collaboration.
Speaking about expanding the footprints of cooperatives in the country, Shah said the Modi govt's goal is that there should not be a single village in the country without a cooperative within the next five years, and the newly created national cooperative database should be used to achieve this goal.
The meeting focused on comprehensive evaluation of initiatives taken by the ministry of cooperation to facilitate meaningful exchange of best practices, policy suggestions and implementation strategies among states and UTs. The main points discussed included progress on setting up of two lakh Multi-Purpose Primary Agricultural Credit Societies (M-PACS) and promotion of dairy and fisheries cooperatives to enhance rural service delivery.
On a goal to establish two lakh PACS, Shah said the target for the financial year 2025-26 should be completed by Feb next year itself, only then the ambitious goal can be achieved on time.
Addressing the 'Manthan Baithak' meeting of ministers of cooperation of all states and UTs here, Shah said under the national cooperative policy, each state will formulate its own cooperative policy as per local needs.
Suggesting that every state announce its cooperative policy before Jan 31, 2026, he said Model National Cooperative Policy Act will bring discipline, innovation and transparency to the cooperative sector across the country.
The purpose of the 'Manthan Baithak', marking the celebration of the International Year of Cooperatives (IYC) 2025, was to review ongoing schemes to strengthen the cooperative movement in India , assess achievements, and provide a dynamic platform to promote collaboration.
Speaking about expanding the footprints of cooperatives in the country, Shah said the Modi govt's goal is that there should not be a single village in the country without a cooperative within the next five years, and the newly created national cooperative database should be used to achieve this goal.
The meeting focused on comprehensive evaluation of initiatives taken by the ministry of cooperation to facilitate meaningful exchange of best practices, policy suggestions and implementation strategies among states and UTs. The main points discussed included progress on setting up of two lakh Multi-Purpose Primary Agricultural Credit Societies (M-PACS) and promotion of dairy and fisheries cooperatives to enhance rural service delivery.
On a goal to establish two lakh PACS, Shah said the target for the financial year 2025-26 should be completed by Feb next year itself, only then the ambitious goal can be achieved on time.
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