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Cooperative Banking

New cooperation policy likely to be unveiled next month

Suresh Prabhu, Chairman of the National Level Committee for drafting the new National Cooperation Policy document, made a presentation to Union Home Minister and Cooperation Minister Amit Shah in New Delhi on Monday.

The Committee members briefed Amit Shah about the objectives, vision and mission of the draft policy along with key recommendations in various sectors including structural reforms and governance, cooperatives as vibrant economic entities, level-playing field for cooperatives, sources of capital and funds, inclusion of priority sections, use of technology, upskilling and training, sustainability and implementation plan.

Amit Shah gave his guidance on how to realise Prime Minister  Narendra Modi’s vision of ‘Sehkaar se Samriddhi’ and to strengthen the cooperative movement at the grassroot level through the new policy. As per the guidance received from him, the committee will prepare a revised draft. The new cooperation policy is expected to be unveiled in July, 2023, after consulting all the stakeholders including state governments, central ministries/departments, national cooperatives, etc.

The drafting committee comprises of 49 members drawn from all over the country and various stakeholders such as officers of cooperation department of various state governments, ministries/departments concerned of central governments, institutions like IRMA, RBI, National federations like IFFCO, NCCF, NAFCARD, NAFCUB, KRIBHCO, NFCSF, NCUI, NAFED, representatives from Cooperative Societies in various sectors, academicians and experts.

The meeting was also attended by other committee members including Dileep Sanghani, Chairman, NCUI, K V Shaji, Chairman, NABARD, Jyotindra Mehta, Chairman, NAFCUB, P K Aggarwal, Financial Advisor, D/o Cooperation, Govt of Uttar Pradesh, Dr. Umakant Dash, Director, Institute of Rural Management Anand (IRMA),  Satish Marathe, Director, RBI, Dr C Pitchai, Professor, Gandhigram Rural University, Dr. Hema Yadav and Director, VAMNICOM.  Secretary, Additional Secretary and senior officers of the Ministry of Cooperation.

PR Newswire

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