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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).
