National Cooperation Policy (NCP)

September 9, 2022

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In News

Recently, the government constituted a 47-member committee, headed by former union cabinet minister Suresh Prabhu to draft a new national cooperation policy document .

About

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