The Narendra Modi government has created a new Ministry of Cooperation with an aim to strengthen the cooperative movement in the country, an official statement said on Tuesday. Terming it a "historic move", the government said the ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country. The official statement said the ministry will help deepen cooperatives as a true people-based movement reaching up to the grassroots. The ministry will work to streamline processes for 'ease of doing business' for cooperatives and enable development of multi-state cooperatives (MSCS), it said. Creation of a separate Ministry for Cooperation also fulfils the budget announcement made by the finance minister, it said.

Source: The Hindu July 06, 2021 16:18 UTC