STOCK MARKET BSE NSE

Narendra Modi government creates separate ministry for strengthening cooperative movement

The Union government has signalled its deep commitment to community-based developmental partnership, the statement said.

Published: 06th July 2021 11:29 PM  |   Last Updated: 06th July 2021 11:29 PM   |  A+A-

PM Narendra Modi

PM Narendra Modi (Photo | PTI)

By PTI

NEW DELHI: The Narendra Modi government has created a new Ministry of Cooperation with an aim to strengthen the cooperative movement in the country, an official statement said on Tuesday.

Amid a strong buzz about a massive cabinet reshuffle exercise expected on Wednesday, the statement issued by the Cabinet Secretariat said the new ministry has been created for realising the vision of 'sahkar se samriddhi' (through cooperation to prosperity).

Terming it a "historic move", the government said the ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country.

A minister in charge for the new portfolio may be named on Wednesday.

The official statement said the ministry will help deepen cooperatives as a true people-based movement reaching up to the grassroots.

"In our country, a cooperative based economic development model is very relevant where each member works with a spirit of responsibility," the government said.

The ministry will work to streamline processes for 'ease of doing business' for cooperatives and enable development of multi-state cooperatives (MSCS), it said.

The central government has signalled its deep commitment to community-based developmental partnership, the statement said.

Creation of a separate Ministry for Cooperation also fulfils the budget announcement made by the finance minister, it said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp