Modi government creates Ministry of Co-operation: Top 5 things to know
The newly established ministry is expected to streamline the existing process to make doing business in India easier than ever for co-operatives.
New Delhi: The Indian government created a separate ‘Ministry of Co-operation’ on Tuesday (July 6), in a historic move ahead of the Union Cabinet reshuffling. The new ministry has been created with a vision of ‘Sahkar se Samriddhi’.
Here are the 5 key things to know about:
Strengthen cooperative movement
![Strengthen cooperative movement Strengthen cooperative movement](https://english.cdn.zeenews.com/sites/default/files/2021/07/07/949667-untitled-design-2021-07-07t115616.354.png)
Ministry of Co-operation has been established by the Union government to provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country, according to a press release by the Press Information Bureau (PIB).
Moreover, the ministry is expected to deepen the relationships between co-operatives as a true people-based movement reaching up to grassroots levels.
Promote Ease of Doing Business
![Promote Ease of Doing Business Promote Ease of Doing Business](https://english.cdn.zeenews.com/sites/default/files/2021/07/07/949666-untitled-design-2021-07-07t115237.300.png)
Improving Unity
![Improving Unity Improving Unity](https://english.cdn.zeenews.com/sites/default/files/2021/07/07/949665-untitled-design-2021-07-07t115006.111.png)
Crucial participation of Central government
![Crucial participation of Central government Crucial participation of Central government](https://english.cdn.zeenews.com/sites/default/files/2021/07/07/949664-untitled-design-2021-07-07t114410.640.png)
Bang on about a budget announcement
![Bang on about a budget announcement Bang on about a budget announcement](https://english.cdn.zeenews.com/sites/default/files/2021/07/07/949663-untitled-design-2021-07-07t114125.726.png)
The newly created ministry is formed on the lines of an announcement made by Finance Minister Nirmala Sitharaman while presenting the fiscal budget. "In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility," a PIB statement said.