Thomas, Vineeth
Catalysing cooperative movement in India: Prospects of ministry of cooperation - Bihar Journal of Public Administration - 19(1), Jan-Jun, 2022: p.114-121
Cooperatives have been beneficial to society in almost all the spheres of life like social, cultural and economic. On the other hand present Union Government, has placed greater premium on it by establishing a separate Ministry to strengthen the cooperative movement. Thus the present paper intends to underline the usefulness of cooperatives and prospects of the newly formed Ministry. It addresses the questions like how cooperative societies are instrumental in the Indian economy by creating values for their stakeholders in multiple ways such as mutualism, prosperity, inclusion, sustainable development, democratic outlook and financial support. After identifying India’s cooperative sector benefits and challenges, the author has evaluated the significance of the Government of India’s decision to establish the Ministry of Cooperation on 6 July 2021. – Reproduced
Cooperatives, Financial inclusion, Ministry of cooperation, Prosperity, India.
Catalysing cooperative movement in India: Prospects of ministry of cooperation - Bihar Journal of Public Administration - 19(1), Jan-Jun, 2022: p.114-121
Cooperatives have been beneficial to society in almost all the spheres of life like social, cultural and economic. On the other hand present Union Government, has placed greater premium on it by establishing a separate Ministry to strengthen the cooperative movement. Thus the present paper intends to underline the usefulness of cooperatives and prospects of the newly formed Ministry. It addresses the questions like how cooperative societies are instrumental in the Indian economy by creating values for their stakeholders in multiple ways such as mutualism, prosperity, inclusion, sustainable development, democratic outlook and financial support. After identifying India’s cooperative sector benefits and challenges, the author has evaluated the significance of the Government of India’s decision to establish the Ministry of Cooperation on 6 July 2021. – Reproduced
Cooperatives, Financial inclusion, Ministry of cooperation, Prosperity, India.