Union Home Minister and Cooperative Minister Amit Shah will announce the National Cooperative Policy 2025 on 24 July. This step will prove to be a milestone in the next two decades, 2025 to 2045, in India’s cooperative movement. Shah will make this announcement at an event organized at Atal Akshaya Energy Bhawan located in the national capital. According to the Ministry of Cooperation, the new Cooperative Policy 2025 aims to revive and modernize the cooperative sector as well as to make a roadmap at the grassroots level and realize the approach of prosperity through cooperatives.
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Earlier in 2002, India’s first National Cooperative Policy was issued, which provided a infrastructure for better management of economic activities of cooperative institutions. The ministry said that due to globalization and technological progress in the last 20 years, there have been many major changes in society, country and the world. Keeping these changes in mind, it was necessary to formulate a new policy so that cooperative institutions could be made more active and useful in the current economic scenario and further strengthening the role of the cooperative sector in achieving the target of ‘developed India 2047’.
The objective of the National Cooperative Policy is to make cooperative institutions inclusive, manage them, prepare them for the future and to create large scale employment and livelihood opportunities in rural India. The 48 -member National Level Committee headed by former Union Minister Suresh Prabhakar Prabhu has prepared a new National Cooperative Policy. The committee consisted of the national/state cooperative associations, cooperative societies of all levels and fields, representatives of the concerned central and state government ministries or departments and members of academics.
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To ensure participant and inclusive approaches, the committee held 17 meetings and four regional workshops in Ahmedabad, Bengaluru, Gurugram and Patna. A total of 648 valuable suggestions received from stakeholders were carefully evaluated and included in the new cooperative policy. Members of National Cooperative Policy Drafting Society, Chairman and Managing Director of all National Cooperative Union, Ministry Officer, National Cooperative Development Corporation (NCDC), National Cooperative Training Council (NCCT) and Vaikuntha Mehta National Institute of Cooperative Management (Vaonicom) will be present on the occasion when Amit Shah will announce the National Cooperative Policy 2025.