Modi government creates Ministry of Cooperation for strengthening cooperative movement
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A minister in cost for the brand new portfolio could also be named on Wednesday.
The Narendra Modi government has created a brand new Ministry of Cooperation with an goal to strengthen the cooperative movement within the nation, an official assertion stated on Tuesday.
Amid a robust buzz a couple of large cupboard reshuffle train anticipated on Wednesday, the assertion issued by the Cabinet Secretariat stated the brand new ministry has been created for realising the imaginative and prescient of ‘sahkar se samriddhi’ (by means of cooperation to prosperity).
Terming it a “historic move”, the government stated the ministry will present a separate administrative, authorized and coverage framework for strengthening the cooperative movement within the nation.
A minister in cost for the brand new portfolio could also be named on Wednesday.
The official assertion stated the ministry will assist deepen cooperatives as a real people-based movement reaching as much as the grassroots.
“In our country, a cooperative based economic development model is very relevant where each member works with a spirit of responsibility,” the government stated.
The ministry will work to streamline processes for ‘ease of doing enterprise’ for cooperatives and allow improvement of multi-state cooperatives (MSCS), it stated.
The central government has signalled its deep dedication to community-based developmental partnership, the assertion stated. Creation of a separate Ministry for Cooperation additionally fulfils the finances announcement made by the finance minister, it stated.
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