Source- The post on National Cooperative Database is based on the article “Cooperation Minister Amit Shah launches National Cooperative Database” published in “business Standard” on “8th March 2024”.
What is the News?
Union Minister of Cooperation launched the National Cooperative Database (NCD) to foster a cooperative-centric economic model.
About National Cooperative Database (NCD):
1. About: It is a web-based digital dashboard wherein data of cooperative societies, including national/state federations, have been captured. It has collected or mapped information about 8 lakh cooperatives.
2. It aligns with vision of “Sahakar se Samriddhi”.
3. It has been developed in collaboration with State Governments, National Federations, and stakeholders to foster a cooperative-centric economic model.
4. Significance: Database promotes transparency and collaboration within the cooperative sector and can be proved as a milestone for cooperative sector:
i) It’s a crucial tool for smooth communication between the Central Ministry, States/UTs, and Cooperative Societies, providing comprehensive contact details for registered societies.
ii) This initiative will bring positive transformation at the grassroots level aligning with the vision of a prosperous and ‘AtmaNirbhar Bharat’.
Read More- Significance and Challenges of Cooperative Banks in India
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