Explanation: The Multi-State Cooperative Societies Act, 2002 (MSCS) was enacted after repealing the Multi-State Cooperative Act 1984, to facilitate the democratic functioning and autonomous working of Multi-State Cooperative Societies in line with the established Cooperative Principles.

• As of date, there are 1528 registered societies under the Multi-State Cooperative Societies Act 2002.
• The MSCSs include 66 Multi-State Cooperative Banks with deposits of approx. ₹2.6 lakh crore.
• Maharashtra leads 661 cooperatives, followed by Delhi and Uttar Pradesh.

Source: Economic Survey 2023