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“Ministry of Cooperation ” is one of the sub-branches of the ministry under the Indian government. This position and role in India were encapsulated in the month of July 2021. The main “Functions of this ministry are completely separate from the other progression and functional areas of the “government of India”. The “Ministry of Cooperation” has segregation of administration, policy and legalized frameworks. It also aids in the strengthening purpose of the corporative movement in a country. The official positional holder of this “Ministry of Cooperation” is Mr Amit Shah, the “union minister of India”. Then headquarter of this “Ministry of Cooperation” is based in New Delhi.
“Functions of this ministry”
The “Ministry of Cooperation” was introduced to the Indian constitution to allow the progression of the economical factors of India effectively to mitigate the causes that create a hindrance in the path of “Functions of this ministry”. The decision-making policies under this ministry of the government of India take place under the assistance of Shri B. L. Verma. The other “Functions of this ministry” is to look after the “Ministry of agriculture”, and “Farmers Welfare” through “Cabinet Secretariat’s” under the notification of 1/21/7/2021-Cab.
The creation of this position in the “Ministry of Cooperation” was announced by the prime minister of India Shri Narendra Modi. The “Functions of this ministry” is also the realization of the vision of ‘Sahkar se Samriddhi’, in Hindi, which means the cooperative property in India. The fundamental format of the “Functions of this ministry” is based on the economic or financial model of India.
“Ministry of Cooperation”
Before proceeding with the reshuffling of the “cabinet ministers of India the “Ministry of Cooperation” was brought to the notice of the people of India. This cooperative section has functioned under a development model where the member of the “Ministry of Cooperation” functions with their own spirit of the responsibilities. The introduction of the position into the Indian government has signalled the importance the central government of India holds in partnership with the community-oriented partnership or development of India. The “Ministry of Cooperation” was curetted by the president of India under the advice of the prime minister of India. This was passed under the 1961 rule of business allocation of India.
The “Functions of this ministry” is to envisage strengthen of cooperatives, in the form of “true people-based movements”. The “Functions of this ministry” are based on the streamlined functioning of the “ease of performing business”. It is performed to allow and progress with the development of the “Multi-State Co-operatives”. The main functionality of “Ministry of Cooperation” is to make sure the progression of all backgrounds under the Indian government allows the assistance from the government in facilitating the ultimate strengthening of the economic backdrop of India.
“What are the objectives of this ministry?”
There are various objectives related to the “Ministry of Cooperation” but there is a distinguished format based on the type of cooperative. However, they can be categorized into five basic formats:
- “Consumer Cooperative Society”
- “Producer Cooperative Society”
- “Housing Cooperative Society”
- “Credit Cooperative Society”
- “Marketing Cooperative Society”
In “Consumer Cooperative Society” the objective of the “Ministry of Cooperation” is the protection of the consumer interests, availability of products at an affordable rate, and no inclusion of middlemen to mitigate the pricing of the goods. In “Producer Cooperative Society” objectifies the protection of interest for the small producer, aids in making profit margin for the producers. The “Housing Cooperative Society” allows for getting housing facilities, it is also helpful for the small earning groups. In context to “What are the objectives of this ministry” “Credit Cooperative Society” keeps a check-in giving interest at a low-interest rate.
Conclusion
The purpose of the “Ministry of Cooperation” is to pivot on making India a financially secure and progressive country by making a strong partnership with the development of the community of agriculture. The objectives of the ministry of cooperation incorporate the “Marketing Cooperative Society” and objectify to allow the small producer to make a profitable earning through the selling of their products at a reasonable price. In context to the functionality of the ministry of Credit Cooperative Society flexible payment tenure to the producer, and also ensure the protection of the producers from the high rate of interest by the private lenders.
