Delhi’s cooperation minister Ravinder Indraj Singh on Friday said that efforts are underway to establish the capital city as a National Model of Cooperative Innovation, ensuring a strong contribution to the vision of a ‘Developed India’ and ‘Developed Delhi.’
According to the minister, continuous meetings are being held and work is being done to strengthen Delhi’s cooperative banks and thrift credit societies so they can emerge as reliable and accessible banking options for citizens.
Indraj also informed that necessary amendments will be introduced in the cooperative laws of Delhi to create an enabling and supportive environment for cooperative sector institutions.
He added that constructive suggestions from experts and cooperative organisations are being welcomed in this regard.
Sharing a development in this sector, he informed that the government is considering the establishment of Self-Help Group (SHG) Retail Stores within housing societies in Delhi, and such stores aim to empower poor and marginalised women and youth by promoting self-reliance.
Emphasising the importance of local products, Indraj said that the cooperative movement will play a pivotal role in advancing Prime Minister Narendra Modi’s ‘Vocal for Local’ campaign.
Indraj on Friday inaugurated the 72nd All India Cooperative Week celebrations here, organised by the National Cooperative Union of India (NCUI).
Speaking on the occasion, the minister said that under the leadership of PM Modi and Union Cooperation Minister Amit Shah, the formation of a dedicated Ministry of Cooperation has given India’s cooperative architecture a new global identity.