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Inviting Suggestions for the proposed New Cooperative Policy

 Suggestions for the proposed New Cooperative Policy
Start Date :
May 27, 2022
Last Date :
Jun 15, 2022
23:45 PM IST (GMT +5.30 Hrs)
Submission Closed

Cooperatives are the mainstay of the rural economy ensuring sustainable livelihoods and income for people. There are 8.5 lakh cooperatives in India, out of which 1.77 lakh (about ...

Cooperatives are the mainstay of the rural economy ensuring sustainable livelihoods and income for people. There are 8.5 lakh cooperatives in India, out of which 1.77 lakh (about 20%) are credit cooperatives and the remaining 80% are non-credit cooperatives engaged in various activities. The cooperative movement has fostered a membership of more than 29 crores with a network stretching through the entire length and breadth of India. The cooperatives play a significant role in growth and development of various sectors by generating employment and income, for examples - Dairy (1,77,314 Co-operatives with turnover of Rs. 93,556 crores), Housing (28,945 Co-operatives with Loans Disbursed of Rs. 12,711 crores), Labour (46,818 Co-operatives with Membership of 27,30,000), Fertilizers (Co-operatives producing 20% of total Fertiliser in country), Fisheries (20,804 Co-operatives with membership of 32 lakhs), Sugar (188 Sugar Factories with Production of 35% of total Sugar produce), Agro- processing etc. Also Credit Cooperatives are key to ensuring financial inclusiveness in the country by disbursing credit to marginal sectors. These milestones have been achieved through a network of 21 national-level, 390 state-level, and 2705 district-level cooperative federations in the country.

The new Ministry of Cooperation has been set up by the Government of India by notification dated 06.07.2021 with the mandate of realization of vision “Sahakar se Samriddhi”, strengthening of cooperative movement in the country, deepening its reach up to the grassroots, creation of appropriate policy, legal and institutional framework to help cooperatives realize their potential, etc. As one of the major steps to fulfil the above mandate, the Ministry is in process of formulating a new cooperation policy, since the existing policy was formulated way back in 2002. The new policy would address the challenges faced by the sector in today’s world.

The new cooperation policy is being formulated in consultation with all the stakeholders. The Ministry has received many valuable inputs and suggestions from the State Governments, Central Ministries, Federations and Institutions. A national conference with State Governments and the Central Ministries was also held on 12-13 April, 2022 at Delhi. The Ministry is also in the process of holding a series of stake holder consultations for formulation of new cooperation policy.

As a part of this consultation, the Ministry is inviting your valuable inputs/ suggestion for formulating the national cooperation policy under various themes.

Kindly share your suggestions as per the following Categories :
i. Cooperative Governance
ii. Legal and Regulatory Framework
iii. Training Education and HR Policy
iv. Cooperatives to be Vibrant Economic Units
v. Setting New Cooperatives, Sustainable Development of Cooperative
vi. Diversification of Cooperatives/ Social Cooperatives

The last date to receive suggestions is 15 June,2022

Showing 482 Submission(s)
Ajinkya Rajendra Kolkar_3
Ajinkya Rajendra Kolkar 3 years 1 month ago

Sources said representatives from Maharashtra suggested an upper age limit of 70 years for members of boards of directors of cooperative societies. Presently, there is no such age bar and the suggestion is aimed at governance reforms. According to the Ministry, Maharashtra has the highest number of cooperative societies in the country.

Sources said officials from UP suggested that land available with PACS can be leveraged for expanding the resource base of cooperative societies. UP’s additional chief secretary B L Meena, who participated in the conference, said PACS have more land than the Railways, which can be utilised, sources said.

Sources said Bihar officials suggested that the PACS should be given better market linkages under the label “Sahakar se Bajar” (cooperative to market).

Ajinkya Rajendra Kolkar_3
Ajinkya Rajendra Kolkar 3 years 1 month ago

There were also suggestions for electronic voting to be implemented in cooperative societies, and for storage facilities available with PACS to be leased out to private e-commerce operators like Amazon.

The two-day conference, inaugurated by Union Minister of Home and Cooperation Amit Shah, was the first such consultation on the new cooperative policy, which the Centre wants to bring out during the current financial year.

Ajinkya Rajendra Kolkar_3
Ajinkya Rajendra Kolkar 3 years 1 month ago

Allow foreign direct investment (FDI) in the cooperative sector, particularly in Primary Agricultural Cooperative Societies (PACS) to improve infrastructure; fix an upper age limit of 70 years for board members in cooperative societies.

These were two key suggestions put forward by states to the Centre during the two-day national conference on a new cooperative policy, which was held in Delhi on April 12-13

amitabh_na@yahoo.com
Amitabh Nag 3 years 1 month ago

Though one would tend to pick and deploy the company law as it is with some modification, it would kill the informal operating fabric of these cooperatives .

amitabh_na@yahoo.com
Amitabh Nag 3 years 1 month ago

Digitising of Cooperatives without disturbing the informal operating structure is the way forward. Innovation would be required.

We would need to establish MCA type of Digitisation initiative for all cooperatives by creating the registries. You have to overcome the Digital and Language divide to implement such a system. NGOs have been pushed by deregistering them in case they do not follow compliance. This has helped increase compliance. How would we incentivise cooperatives would be a question

vijaymeena_15
vijay Meena 3 years 1 month ago

Govt. Should take subsidy (50%)on time deposit like kcc

OmarIllroyUrsuladeSouza
Omar Illroy Ursula de Souza 3 years 1 month ago

Increase effectiveness

Have laws rules for Accountability

Make working Friendlier

P MADHUSUDAN RAO
P MADHUSUDAN RAO 3 years 1 month ago

SAVE DEPOSITORS OF AADARSH CREDITCOOPERTATIVE SOCIETY REMOVE LIQUIDATION RETURN OUR LIFE LONG HARD EARNSD MONEY THEN INTRODUCE NEW COOPERATIVE ACT WITH JUSTICE FOR POOR MEMBERS THERE IS NO MEANING FOR THESE TYPE OF ACTS FIRST YOU THINK THE SAFETY OF MEMBEFS THEN THINK ABOUT SOCIETY DO NOT PUNISH POOR DEPOSITORS

GURUSANKARAN L
GURUSANKARAN L 3 years 1 month ago

The policy will include to the people those they are involve in the gramasabai activities

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