The Narendra Modi government has created a new Ministry of Cooperation with an aim to reinforce the cooperative movement in the country, an official statement said on Tuesday. Within a strong buzz about a massive cabinet restructuring exercise expected on Wednesday, the statement issued by the Cabinet Secretariat said the new ministry has been created for realizing the vision of ‘sahkar se samriddhi’ (through cooperation to prosperity).
Labelling it a “historic move”, the government said the ministry will offer 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.
According to the government statement, the new ministry will help extend cooperatives as a true people-based movement reaching up to the grassroots, the government statement said. “In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility,” the statement said.
The central government, the statement added, has signaled its deep commitment to community-based developmental partnership. “Creation of a separate Ministry for Cooperation also fulfils the budget announcement made by the Finance Minister,” the statement said.
The central government has signaled its profound obligation 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.