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Catalysing cooperative movement in India: Prospects of ministry of cooperation

By: Thomas, Vineeth.
Material type: materialTypeLabelBookPublisher: Bihar Journal of Public Administration Description: 19(1), Jan-Jun, 2022: p.114-121.Subject(s): Cooperatives, Financial inclusion, Ministry of cooperation, Prosperity, India In: Bihar Journal of Public AdministrationSummary: 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
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Articles Articles Indian Institute of Public Administration
19(1), Jan-Jun, 2022: p.114-121 Available AR127870

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

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