Multi-state co-operative societies boom in India; Total count 1,525, Kerala has 29

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Thrissur: With the implementation of the Union Cooperation Ministry’s projects and incentives to strengthen multi-state co-operative societies in the country, there has been a huge boost in the sector. In 2002, the Centre made amendments liberalising the procedures for setting up multi-state cooperative societies, which resulted in the growth of the societies.

Till 2002, there were only 297 such societies in the country. However, the figure has now risen to 1525 with more than 10,000 branches. In Kerala, there are 29 such societies and around 49 others have registered under the ministry this year so far.

As per reports, multi-state co-operative societies, which were under the Union Ministry of Agriculture, got a big jump after they came under the Ministry of Cooperation. A special selection officer, a permanent PRO and an ombudsman were also appointed for the transparent functioning of the societies.

The multi-state co-operative societies were set up through a special law in 1986. These are registered under the central registrar, which comes under the ambit of the union cooperative ministry, with multiple states as the area of operation.

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