New National Cooperative Policy
Why In News?
Union Minister Amit Shah recently reviewed the progress of the 83 recommendations under the new policy, noting that over 58 have already been initiated.
Key features
- Vision & Goal: Guided by the slogan "Sahkar se Samriddhi" (Prosperity through Cooperation), it aims to build a "Viksit Bharat" by 2047.
- Duration: A comprehensive 20-year roadmap (2025–2045) that replaces the outdated 2002 National Policy on Cooperatives.
Key Strategic Pillars:
- Strengthening Foundation: Legal reforms to enhance autonomy and ease of doing business.
- Promoting Vibrancy: Expanding exports through the National Cooperative Export Limited (NCEL) and creating model cooperative villages.
- Future Readiness: Full computerisation of Primary Agricultural Credit Societies (PACS) and adoption of AI/Blockchain.
- Inclusive Growth: Focused participation of women, youth, SC/STs, and tribals.
Ambitious Targets:
- GDP Contribution: Triple the cooperative sector's share in India’s GDP by 2034.
- Membership: Activate 50 crore citizens into the cooperative movement.
- Coverage: Ensure at least one cooperative society in every village and 2 lakh new multipurpose PACS by 2026.
- New Sectors: Moves cooperatives beyond traditional agriculture into green energy, insurance, health, tourism, and taxi services ("Sahkar Taxi").
- Educational Reform: Establishment of the Tribhuvan Sahkari University in Anand, Gujarat, as India's first national cooperative university.
- Drafting Committee: Formulated by a 48-member committee headed by former Union Minister Suresh Prabhu after analyzing over 640 stakeholder suggestions.
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