Objectives of National Cooperative Society Policy

Objectives of National Cooperative Society Policy

The Ministry launched New National Cooperation Policy, 2025 on 24^th July, 2025. This policy provides a roadmap and overarching framework for systematic and all-round development of the cooperative sector.

The Policy mission is to achieve 16 objectives over the next 10 years, grouped under six strategic mission pillars which is enclosed at Annexure-I. Further, majority of the policy points are under implementation.

 A platform cooperative is a cooperatively owned and democratically governed business that uses technology to sell products. Based on this and the Principles of “Sahkar se Samridhi”, a taxi service cooperative, named Sahkar Taxi Cooperative Limited has been registered under the Multi-State Cooperative Societies Act, 2002, to develop app based taxi service on a cooperative model that benefits both driver-members and customers. Rooted in the principles of cooperation, transparency, and shared ownership, Sahakar Taxi aims to offer a people- centric alternative to traditional ride-hailing platforms. The app is in the developing stage and the pilot project is likely to be launched in Delhi and Gujarat.

The project is being promoted by the National Cooperative Development Corporation (NCDC) with the support of seven leading cooperative organizations: IFFCO, NAFED, Amul, KRIBHCO, NDDB, NCEL & NABARD, based on the principals of cooperation among cooperatives.

In accordance with section 19 of the amended Multi-State Cooperative Societies (MSCS) Act, 2002 (amended in 2023), any MSCS may, by a resolution passed at general meeting by a majority of members present and voting, promote one or more subsidiary institutions, which may be registered under any law for the time being in force, for the furtherance of its stated objects.

 

Further, the society may invest or deposit its funds in accordance with section 64 of the above Act in:- (i) A Co-operative Bank, State Co-operative Bank, cooperative land development bank or Central Co-operative Bank; (ii) in any of the securities issued by the Central Government, State Government, Government Corporations, Government Companies, Authorities, Public Sector Undertakings or any other securities ensured by Government guarantees; (iii) in the shares or securities of any other Multi-State Co-operative Society or any co-operative Society; (iv) in the shares, securities and assets of a subsidiary institution or any other institution, in the same line of business as the Multi-State Co-operative Society; (v) with any other scheduled or nationalized bank; (vi) in such other manner as may be determined by the Central Government.

 

A total of 1779 MSCS have been registered under the MSCS Act, 2002 in the country (state- wise breakup is enclosed at Annexure-II), out of which, 8 MSCS have been registered in state of Chhattisgarh. Detailed list of the registered societies in state of Chhattisgarh is enclosed at Annexure-III.

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Annexure-I

The six strategic mission pillars are as under:

 

Strengthening the foundation by

 

 

 

 

Promoting vibrancy by

 

 

 

Making cooperatives future ready by

 

 

 

Promoting inclusivity and deepening reach by

 

 

 

Entering new and emerging sectors by:

 

 

 

Shaping Young Generation for Cooperative Growth:

 

 

 

 

 

 

Annexure-II

 

 

List of registered Multi State Cooperative Societies in different States/Union Territories in the country under Multi State Co-operative Societies Act, 2002

 

 

S.No

State/Union Territory

Number of MSCSs

1

Andhra Pradesh

12

2

Arunachal Pradesh

1

3

Assam

6

4

Bihar

25

5

Chandigarh

2

6

Chhattisgarh

8

7

Delhi

168

8

Goa

3

9

Gujarat

54

10

Haryana

24

11

Himachal Pradesh

2

12

Jammu And Kashmir

2

13

Jharkhand

10

14

Karnataka

40

15

Kerala

96

16

Madhya Pradesh

30

17

Maharashtra

714

18

Manipur

4

19

Nagaland

1

20

Odisha

20

21

Puducherry

5

22

Punjab

26

23

Rajasthan

76

24

Sikkim

1

25

Tamil Nadu

143

26

Telangana

26

27

The Dadra And Nagar Haveli And Daman And Diu

1

28

Uttar Pradesh

196

29

Uttarakhand

10

30

West Bengal

73

 

Annexure-III

 

 

List of Registered Multi State Cooperative Societies registered in State of Chhattisgarh under Multi State Co-operative Societies Act, 2002

 

 

S. No

Society Name

Registered Address

Sector

1

Amrit Dairy Cooperative Society Ltd

C/O D.K. Soni House, Phase 2, Beside

Maitrichaya Pitrichaya House, Near Sahay Hospital, Priyadarshani Nagar, Raipur 492001, Chhattisgarh

Dairy

Cooperative

2

Yalsco Saving and Credit Coopertive Society Ltd.,

Yalsco Building, Riddhi-Siddhi Colony,

Dougargaon Road, Rajnandgaon-491441, Chhattisgarh.

Credit & Thrift Society

3

Om Bhoo Vikas Credit

Cooperative Society Ltd.,

Kadambari nagar, Near Mahima Hospital,

Durg, Chhattisgarh-491001

Credit & Thrift

Society

4

PICL Multi-State Credit Cooperative Society Ltd.,

Shop No.445, 4th Floor, Progressive Point,

Dhamtari Road, Raipur, Chhattisgarh- 492001

Credit & Thrift Society

5

Arogya India Multi State

Members Credit Cooperative Society Ltd.,

Uttarayan Complex, 2nd Floor, Sheetla Chowk, Danganiya, Raipur-492013,

(Chhattisgarh)

Credit & Thrift Society

6

Mahakaleshwar Cooperative Housing Society Ltd.,

Plot No 5/4, Nehru Parisar, Nehru Nagar Square, Bhilai, Durg 490020 Chhattisgarh

Housing

Cooperative Society

7

The P & T Workers Thift

Cooperative Society Limited,

1, Vivekanand Ngar, Shopping Complex,

Raipur, Chhattisgarh 429001

Credit & Thrift

Society

8

Bhartiya Bahu- Uddeshya

Vipnan Sahkari Samiti Ltd.,

1, Sai Nagar, Raipur Chattisgarh 492001

Multipurpose

Cooperative

 

 

This was stated by the Minister of Cooperation, Shri Amit Shah in a written reply to a question in the Lok Sabha.