National Cooperative Policy 2025 to be Unveiled by Amit Shah

On July 24th, National Cooperative Policy 2025 will be launched in New Delhi by the Union Home and Cooperation Minister Amit Shah. This new policy will be a great phase of reviving the cooperative movement in the upcoming 20 years (2025 to 2045). It promotes a vision that helps it attain the Sahkar se Samriddhi through establishment of a cooperative structure that is more modern, inclusive and guided by the grassroots people. The policy has been formulated by the 48-member panel headed by Suresh Prabhu, which is in line with the Viksit Bharat 2047 and focuses on job creation. The top leaders in the cooperative, the ministry heads and the national federations will gather at the event.

Context

• The final national policy on the cooperatives in India was drafted in the year 2002. 
• More than twenty years on, the fast growth rate, which globalization and technologies have brought about, has lent a hand to change to a contemporary structure in order to change cooperatives into the future-cutting-edge, inclusive, and influential in rural development.

Highlights of National Cooperative Policy 2025

New Policy

• The economic world has been changed due to globalization and digital transformation.
• Modern-day policy (2002) is out-of-date in cooperative issues.
• The cooperatives should be more professional, efficient and inclusive.

Aims of the Policy

• Enhance the cooperatives to create mass employment and employment in rural areas.
• Future-proof cooperative institutions and make them professionally managed.
• Increase the needs at the grass roots level and participatory governance in cooperatives.
• Enhance the industries contribution towards Viksit Bharat 2047.

Formation of Committee and Consultation

• National Committee comprised 48 members that included:
• Federal state level implementation of cooperative unions
• Cooperative societies in Industries
• Central/State ministries representatives
• Scholars and professionals
• Conducted:
  • 17 meetings
  • 4 regional training events (ex: Ahmedabad) to make it inclusive

Expected Outcomes

• Renewal and modernisation of cooperative societies
• Empowerment of cooperative banks, dairy, agriculture, housing and MSME sector
• Development of a roadmap that will enhance community-based development and self-reliance
• Combining management and transparency that is enabled by tech

Conclusion

A blueprint intended to transform the cooperative sector of India and make it self-sufficient and vibrant, the National Cooperative Policy 2025 is a step towards the visionary goals. Its grassroots orientation with orientation to the growth of the country in relation to development programs is to fill the gap in the economy and generate a large number of jobs, especially in the countryside.