Draft new cooperative policy to be out soon, proposals include further centralisation

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Amit Shah. Photo: ANI

Despite protests from states like Kerala against alleged intervention in state affairs, the union government is considering a new policy in the cooperative sector. The document that will replace the 2002 policy is titled ‘Sahkar Ki Samridhi’.

Ensuring availability of trained personnel at all levels, establishment of a data bank and a multipurpose cooperative university are likely to be part of the new policy.

Sources in the ministry claimed that the policy would decide the future of the sector for the next 20 years.

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The policy would also recommend increasing the size and scope of the National Cooperative Development Corporation three fold. Multi-state centres to export the products of the primary agricultural credit societies will also be proposed.

The 47-member committee chaired by former minister Suresh Prabhu will soon publish the draft policy. Union cooperatives minister Amit Shah had stated in June that a new policy would be announced soon. The committee was formed in September 2022.

Union government has already proposed that it would establish a centralised software for the primary cooperative societies. Kerala contested the move and argued that it was against federalism.

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