Note4Students
From UPSC perspective, the following things are important :
Prelims level: National Cooperative Policy
Why in the News?
- The Union Minister of Cooperation has provided crucial information regarding India’s National Cooperative Policy to the Lok Sabha.
- The new National Cooperative Policy is almost ready and will be announced in 2-3 months.
Update regarding the New National Cooperative Policy:
| Details | |
| National Level Committee Formation | • A 48-member National Level Committee was formed under the chairmanship of Shri Suresh Prabhakar Prabhu. • The committee includes experts from the cooperative sector, representatives from National, State, District, and Primary level cooperative societies, and officers from Central Ministries/Departments. • The task of the committee was to formulate the New National Cooperation Policy for the development of the cooperative sector in India. • 17 meetings and 4 regional workshops were conducted across the country to finalize the draft report of the policy. |
| Aims and Objectives | • Revitalize the cooperative sector and enhance its efficiency at national, state, district, and primary levels. • Strengthen the cooperative movement in India by creating a structured policy that fosters growth and sustainability. • Establish financial viability and governance mechanisms for cooperatives. • Ensure cooperative federalism by allowing state cooperatives to function autonomously, avoiding undue centralization. |
| Features of the Policy | • The policy adopts an inclusive approach, including all levels of cooperatives from district to primary. • Close collaboration with State Governments to promote the cooperative sector and implement cooperative federalism. • The draft policy was developed after extensive consultations, ensuring broad public and expert participation. |
| Provisions under the Policy | • Strengthening Cooperative Structure: Set up District Central Cooperative Banks (DCCBs) and district milk producers’ unions in all uncovered districts. NABARD will prepare an action plan for this. • Expansion of Multipurpose PACS: New multipurpose PACS, primary dairy/fishery cooperative societies will be established in uncovered Panchayats/villages across India within the next five years. |
PYQ:[2011] In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? (a) Commercial Banks (b) Cooperative Banks (c) Regional Rural Banks (d) Microfinance Institutions |
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