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Sahakar Se Samriddhi: Cooperative Prosperity



  Dec 25, 2023

"Sahakar Se Samriddhi"



What is the "Sahakar Se Samriddhi" initiative, and who is leading it?

The "Sahakar Se Samriddhi" initiative is a transformative effort aimed at harnessing the potential of cooperatives in driving India's economic growth. It is led by Union Ministry of Cooperation.

Why was the Ministry of Cooperation created, and what role does it play in India's economic development?

The Ministry of Cooperation was created to empower and enable the Indian masses, particularly those in rural areas, to contribute to the economy through cooperatives. It aims to ensure financial self-reliance for every family in every panchayat or nagar palika by utilizing existing skills and opportunities, such as farming and animal husbandry.

How does the cooperative sector contribute to India's economy, and why is it considered an essential component of economic growth?

The cooperative sector has a substantial contribution to various segments of the Indian economy, including agricultural credit distribution, fertilizer distribution and production, sugar production, milk production, wheat and paddy purchase, and more. It is considered essential for rural development and inclusive growth.

What are the key objectives of the "Sahakar Se Samriddhi" initiative, and how does it plan to achieve them?

The initiative aims to empower cooperatives, deepen their reach to the grassroots, promote a cooperative-based economic development model, and modernize the sector with technology. It plans to achieve these goals through various policy measures and support.

How does the Ministry of Cooperation plan to create job opportunities through cooperatives?

The Ministry's initiatives, along with collaborative efforts, aim to transform Primary Agricultural Credit Societies (PACS) into multipurpose business units that provide jobs, income, and opportunities to professionals. Various sectors such as agriculture, manufacturing, and services are targeted for job creation.

What are the steps taken to strengthen cooperative banks, and how will they contribute to economic growth?

Cooperative banks are being strengthened through measures like increased loan limits and inclusion in collateral-free loan schemes. These steps are expected to boost economic activity, particularly in rural and semi-urban areas.

What changes can be expected from the new cooperative policy, and how will it benefit the cooperative sector?

The new cooperative policy aims to enhance transparency, empower rural areas, promote self-reliant agriculture, and modernize the sector through technology. It will provide a framework for cooperative development and growth.

How can cooperatives participate in India's goal of becoming a $5 trillion economy, and what role will they play in manufacturing, services, and agriculture?

Cooperatives can support India's economic goals by providing capital, technology, and marketing support to farmers in agriculture. They can also assist small manufacturing businesses and offer affordable services like housing, healthcare, and transportation.

How will cooperatives contribute to job creation in the country, and what sectors have already seen success in this regard?

Cooperatives have the potential to create jobs in various sectors, including agriculture, manufacturing, and financial services. Examples like Amul and IFFCO showcase successful job creation in these cooperatives.

What is the vision for the future of cooperatives in India, and how do they plan to achieve self-sufficiency and competitiveness?

The future of cooperatives in India envisions self-sufficiency, transparency, and competitiveness. Cooperatives will adopt modern practices, sound governance, and financial viability. They will compete effectively with commercial firms and contribute to India's economic growth.

These FAQs provide an overview of the key points discussed in the article regarding the "Sahakar Se Samriddhi" initiative and the role of cooperatives in India's economic development.


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