National Cooperation Policy (NCP)

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    • This Policy is being formulated to realize the government’s vision of ‘Sahakar Se Samriddhi’.
    • It will have a holistic approach from primary agriculture credit societies (PACS) upwards.
    • It will fulfill the mandate given to the new Ministry of Cooperation, which includes strengthening cooperative movement in the country and deepening its reach up to the grassroots, and promoting cooperative-based economic development model.
      • The existing National Policy on Cooperatives was formulated in 2002.
    • Significance: It will promote a cooperative-based economic development model.
      • The new policy will go a long way in strengthening the co-operative movement in the country.

    Do you know ?

    • India has about 8.5 lakh co-operative societies with a member base of around 29 crore. These co-operatives are engaged in varied activities like agro-processing, dairying, fisheries, housing, weaving, credit, and marketing, among others.

    Source :TH