Ministry of Co-operation


The Ministry of Cooperation is a List of agencies of [the government of India|Union
ministry] under the Government of India which was formed in 2021. The ministry provides a separate administrative, legal and policy framework for strengthening the cooperative movement in the country. The ministry's creation was announced on 6 July 2021 along with its vision statement of Sahkar se samriddhi. Before the creation of this ministry, the objectives of this ministry were looked after by the Ministry of Agriculture.
The ministry works in strengthening co-operatives at the grassroot level, working to streamline processes for 'Ease of doing business' for co-operatives and enabling the development of Multi-State Co-operatives. The same was initially announced by Finance Minister Nirmala Sitharaman while presenting the Union budget of India|2021 Union budget].

Objectives

The ministry was created with objectives of:
  • To realise the vision of "Sahkar se Samriddhi".
  • To streamline processes for ‘'Ease of doing business’' for co-operatives and enable development of Multi-State Co-operatives
  • to provide a separate administrative, legal and policy framework for strengthening the cooperative movements in the country.
  • To deepen the cooperative as a true people-based movement reaching upto the grassroot level.

Public Sector Undertakings

Cooperative Societies at National Level

Core Cooperative Society at National Level
Cooperative Banks at National Level
  • National Federation of State Cooperative Banks Limited
  • National Federation of Urban Cooperative Banks and Credit Societies Limited
Development Cooperative Banks at National Level
  • National Cooperative Land Development Banks Federation Limited
  • All India Industrial Cooperative Banks Federation Limited
Consumer Cooperative Societies at National Level
  • National Cooperative Consumer’s Federation of India Limited
Worker Cooperative Societies at National Level
Housing Cooperative Societies at National Level
Producer/Marketing Cooperative Societies at National Level

Department of Co-operation State Committees

Department of Co-operation State Committees was created with objectives of:

Criticism

Co-operative societies, being a subject of State List under the Seventh schedule of the Constitution, many experts raised concerns that, creating such a ministry at the central level would increase the power in the hands of the union government.
Kerala's Minister of Co-operation and Registration V. N. Vasavan claimed that, "Creation of a new Cooperation ministry will make it difficult for state government to interfere in cooperative organisations and is an infringement upon the federal rights of the state governments. This is an intrusion into the authority of the state governments."