Cooperative Societies In India: India is continuously growing in agriculture, milk production and other sectors. The central government also helps all sections including farmers, businessmen financially. Registered cooperative societies are also working towards the development of the country. These committees are also a source of huge income for the people of low income group. helps them financially. Their strong net is spread across the country, where they are working in many sectors from rural areas to urban rural areas. Now the central government has taken the step.
This is the status of cooperative societies in the record
How big is the scope of registered cooperative societies in the country? This can be gauged from the fact that the number of registered cooperative societies in the country is 8.54 lakh. It has more than 29 crore members. The good thing is that the marginal and lower age groups living in the rural environment of the country are associated with them. This class is also progressing economically.
partnership in these areas
With the help of cooperative societies, many sectors of India are also getting strengthened. Looking at some sectors, cooperatives hold 28.80 per cent stake in the country’s economy in fertilizer production, 35 per cent in fertilizer distribution, 30.60 per cent in sugar production and 17.50 per cent in purchase of additional sales of milk.
Now PM Modi took this decision
Prime minister Narendra Modi Under the leadership of the Union Cabinet, under the Multi-State Cooperative Societies Act, 2002, the decision has been taken to approve the establishment and promotion of national level Multi-State Cooperative Export Societies. After this decision, the support services will be given to the concerned ministry, its export related policy, plan, agency following the government approach.
These will be the advantages of export committee
The multi-state cooperative society will work keeping in mind all categories of exports. Its full emphasis will be on increasing exports from the cooperative sector. The committee will inquire about various export related schemes and policies of various ministries of the Government of India. Accordingly, taking the cooperation of the government, it will help the cooperatives. Agriculture and non-agriculture businessmen will also be able to take advantage of this.
Field will be spread across the country
Indian Farmers Fertilizer Cooperative Limited (IFFCO), Krishak Bharti Cooperative Limited (KRIBHCO), National Agricultural Cooperative Marketing Federation of India Limited (NAFED), Gujarat Cooperative Milk Marketing Federation Limited (GCMMF) and National Cooperative Development Corporation (NCDC) are the four major cooperatives in the country. There are co-operative societies. They have decided to help Rs 100 crore each for exports and make them promoter members for setting up a national level multi-state cooperative society. It will be expanded across the country.
Disclaimer: Some of the information given in the news is based on media reports. Farmer brothers, before implementing any suggestion, do consult the concerned expert.
