New Delhi: The government on Tuesday announced the constitution of a 47-member committee headed by former Union Cabinet minister Suresh Prabhakar Prabhu, for drafting the National Cooperation Policy document.


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The new National Cooperative Policy is being formulated to realise the government's vision of 'Sahakar Se Samriddhi', the Ministry of Cooperation said in a statement. The constitution of the committee was announced by the Union Home and Cooperation Minister Amit Shah.


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"The Committee comprises experts of the cooperative sector; representatives of national/state/district and primary cooperative societies; secretaries (cooperation) and registrars of cooperative societies of states/UTs; and officers from central ministries / departments," it said.


Shah had recently announced that a new National Cooperation Policy will soon be prepared which will have a holistic approach from primary agriculture credit societies (PACS) upwards.


The new National Cooperation Policy document is being formulated with a view to fulfilling the mandate given to the new Ministry of Cooperation, which includes realising the vision of 'Sahakar se Samriddhi'; strengthening cooperative movement in the country and deepening its reach up to the grassroots; and promoting cooperative-based economic development model.


"The new policy will go a long way in strengthening the co-operative movement in the country," the ministry said. The existing National Policy on Cooperatives was formulated in 2002.


India has about 8.5 lakh co-operative societies with a member base of around 29 crore. These co-operatives are engaged in varied activities like agro-processing, dairying, fisheries, housing, weaving, credit, and marketing, among others.