National Cooperation Policy and Database
UPSC / SSC current affairs note · Polity
Why in news
The Union Cabinet has approved the National Cooperation Policy and the creation of a National Cooperative Database. This move aims to strengthen the cooperative sector and promote its development across India.
Background
The cooperative sector in India has been a key part of the economy, especially in agriculture, credit, and housing. The government has been focusing on 'Sahkar Se Samriddhi' (Prosperity through Cooperation) and has established a separate Ministry of Cooperation in 2021 to revitalize the sector.
Key facts
The National Cooperation Policy aims to provide a comprehensive framework for the development of the cooperative sector.
A National Cooperative Database will be created to collect and maintain data on all cooperative societies in India.
The policy focuses on strengthening cooperative governance, financial sustainability, and technology adoption.
It seeks to promote cooperatives in new areas like renewable energy, health, and education.
The database will help in policy formulation and monitoring of cooperative societies.
The policy emphasizes ease of doing business for cooperatives and access to markets.
It aims to increase the contribution of cooperatives to the national economy.
Prelims pointers
- Ministry of Cooperation established in 2021
- National Cooperation Policy
- National Cooperative Database
- Sahkar Se Samriddhi initiative
Mains angles
- Discuss the role of cooperatives in India's economic development and the significance of the National Cooperation Policy.
- Critically examine the challenges faced by the cooperative sector and how the new policy addresses them.
- Analyze the importance of a National Cooperative Database for policy planning and governance.