Panel setup for Cooperative Policy

Recently, the Centre announced the constitution of a committee for drafting of the national cooperative policy document.

  • The 47-member committee will be headed by former Union Minister Suresh Prabhu.

Need

  • The existing National Policy on Cooperatives was formulated in 2002.
  • 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.
  • Thus, anew and an effective cooperative policy is much need for the overall development of cooperative sector.

Expected Impact

  • The new policy will go a long way in strengthening ....
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