Status of Co-operative sector

Status of Co-operative sector

    In order to achieve the vision of “Sahakar se Samriddhi” the Ministry of Cooperation has taken a number of initiatives in consultation with various Ministries/Departments of the Government of India, State/UT Governments, National Cooperative Federations, Statutory and Non-Statutory bodies such as NABARD, NDDB, NCDC, NFDB etc. since its formation i.e., 06^th July, 2021. The details of such initiatives taken and progress made so far is annexed as Annexure-A.

There are around 8,02,639 Cooperative Societies in 29 different sectors in the Country out of which numbers of cooperative societies in the States of Gujarat, Andhra Pradesh and Jharkhand are 81307, 17659, and 11448, respectively.

As per Schedule II of the Multi-State Cooperative Societies (Act), 2002 (as amended) 19 Multi-State Cooperative Societies are listed as National level Co-operative Societies. However, out of these 19 National Federations, only IFFCO is of size and scale as of AMUL. The turnover of IFFCO for the Financial Year 2022-23 was Rs. 60, 324 Crores.

The details of incentives provided to states to strengthen Co-operative sector in the States are:

(i)   NCDC has disbursed a loan of Rs. 1,62,868.77 Crores since 2019-20 till 30.11.2023 to the States/UTs, out of which Rs.41031.4 Crores was disbursed in last Financial Year i.e. 2022-23.

(ii)  In order to strengthen PACS, a Centrally Sponsored Scheme for Computerization of 63,000 functional PACS with a total financial outlay of ₹2,516 Crore is under implementation, which entails bringing all functional PACS in the Country on to a common ERP based national software, linking them with NABARD through StCBs and DCCBs. For this, a total fund of Rs 488.42 crore has been released to the States/UTs by the Central government for hardware purchase, digitization and setting up of support systems.

(iii) With the objective to computerize the Offices of Registrar of Cooperative Societies of the States/UTs, Rs 95 crore will be released as Central Share to the States/UTs under a Centrally Sponsored Scheme. This will increase transparency and accountability and will also bring uniformity in the cooperative ecosystem.

Annexure-A

 

Brief of 54 initiatives taken by Ministry of Cooperation

Ministry of Cooperation, since its inception on 6^th July, 2021, has undertaken several initiatives to realize the vision of “Sahakar-se-Samriddhi” and to strengthen & deepen the cooperative movement from Primary to Apex level Cooperatives in the country. List of initiatives taken and progress made so far are as follows:

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

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