Government creates a new Ministry of Cooperation
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Source: PIB

What is the News?

The Government of India has announced the creation of a new Ministry of Cooperation.

About Ministry of Cooperation:
  • Purpose: The Ministry of Cooperation has been created for strengthening the cooperative movement in the country.
Key Objectives of the Ministry of Cooperation:
  • Firstly, it will provide a separate administrative, legal, and policy framework for strengthening the cooperative movement in the country.
  • Secondly, it will make the cooperative movement a true people-based movement by helping it reach the grassroots level.
    • Purpose: The Ministry of Cooperation has been created for strengthening the cooperative movement in the country.
  • Thirdly, it will work to streamline processes for ease of doing business for cooperatives and enable the development of multi-state cooperatives (MSCS).
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