Indian Government has announced the formation of separate Union Ministry of Cooperation.

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Indian government recently announced formation of separate Union Ministry of cooperation.


Objectives of cooperation ministry

* Ministry of cooperation will provide a separate administrative legal and policy framework for strengthening the cooperative movement in the country.

* Ministry will work to streamline processes for ease of doing business for cooperation and enable development of Multi State Cooperative(MSCS ).

Laws governing cooperative societies

* Cooperation is in the state list which means both Central and state government can govern them.

* The central registrar of societies is the controlling authority but on the ground state registrar takes action on his behalf.

Necessity of Cooperation Ministry

* The new ministry will restore the importance of cooperative structure in the country.

* Cooperative structure has managed to flourish and leave its mark only in handfull states like Maharashtra Gujarat Karnataka etc . Sounder this new ministry of cooperative movement would get the required financial and legal power needed to penetrate into other states also.



Published by : Patil Educare




Location: India

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