Union Home Minister and Minister of Cooperative Amit Shah will announce the National Cooperative Policy 2025 at an event here on Thursday.
Members of the drafting committee of the National Cooperative Policy, Chairmen and Managing Directors of all National Cooperative Unions, senior officials of the Ministry, senior officials of National Cooperative Development Corporation (NCDC), National Council of Cooperative Training (NCCT) and Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM) will be present on the occasion.
The new cooperative policy is expected to be a milestone in India’s cooperative movement over the next two decades, from 2025 to 2045.
The new cooperative policy aims to revive and modernize the cooperative sector as well as realize the vision of prosperity through cooperation by creating a roadmap at the grassroots level.
Earlier in 2002, the country’s first National Cooperative Policy was issued, providing a basic framework for the better management of economic activities of cooperative institutions. Over the last 20 years, numerous significant changes have occurred in society, the country, and the world, largely due to globalization and technological advancements. Keeping these changes in mind, it became necessary to formulate a new policy, so that cooperative institutions can be made more active and useful in the current economic scenario and the role of the cooperative sector can be strengthened in achieving the goal of “Viksit Bharat 2047”.
The objective of the National Cooperative Policy is to make cooperative institutions inclusive, manage them professionally, prepare them for the future, and be able to create large-scale employment and livelihood opportunities, especially in rural India.
A 48-member national level committee headed by former Union Minister Suresh Prabhakar Prabhu has prepared the new National Cooperative Policy. This committee included members from national/state cooperative federations, cooperative societies of all levels and sectors, representatives of the concerned Central and State Government Ministry/Department and academicians. To ensure a participatory and inclusive approach, the Committee held 17 meetings and 4 regional workshops in Ahmedabad, Bengaluru, Gurugram and Patna. 648 valuable suggestions received from stakeholders were carefully evaluated and incorporated in the new cooperative policy.