Government leader Amit Shah will proclaim the National Cooperative Policy 2025 in New Delhi on July 24.
The National Cooperative Policy 2025, set to be unveiled by Union Home and Cooperation Minister Amit Shah on July 24 at Atal Akshay Urja Bhawan in New Delhi, aims to modernize and expand India's cooperative sector significantly. This policy, scheduled to guide India's cooperative movement for the next two decades, from 2025 to 2045, has been formulated to align with the vision of "Prosperity through Cooperation (Sahkar se Samriddhi)."
Over the past few years, a 48-member committee, chaired by former Union Minister Suresh Prabhu, has been working tirelessly to prepare this policy. The committee conducted 17 meetings and organized four regional workshops in Ahmedabad, Bengaluru, Gurugram, and Patna. They also received 648 suggestions from stakeholders, which were carefully reviewed and incorporated into the final draft of the policy.
The key objectives of the National Cooperative Policy 2025 include modernizing and professionalizing cooperatives, making them more efficient and future-ready. This includes digitizing operations and strengthening governance. Another significant focus is on establishing at least one cooperative society in every village, with a target to set up 2 lakh Primary Agricultural Credit Societies (PACS) by February 2026.
The policy also seeks to expand cooperatives into new sectors like tourism, taxi services, and insurance, with benefits reaching the members of PACS. Each state will formulate its cooperative policy based on local conditions and goals, ensuring a tailored approach to cooperation.
The expected impacts of the National Cooperative Policy 2025 are far-reaching. The policy aims to create jobs through the growth of cooperatives, contributing to rural employment and income enhancement. By boosting cooperatives in various sectors, the policy is expected to contribute significantly to India's economic growth and development goals.
The expansion of cooperatives to every village will ensure inclusive and equitable development across different regions, particularly in rural areas. The policy seeks to create a robust cooperative ecosystem, positioning cooperation as a vital instrument for national development.
The launch event of the National Cooperative Policy 2025 will be attended by members of the drafting committee, Chairmen and Managing Directors of national cooperative unions, and senior officials from the Ministry of Cooperation, National Cooperative Development Corporation (NCDC), National Council of Cooperative Training (NCCT), and Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM).
In conclusion, the National Cooperative Policy 2025 is designed to revitalize the cooperative movement in India, aligning with broader national development goals like becoming a major global economy and achieving "Viksit Bharat 2047." The policy aims to bring structural changes to the cooperative ecosystem, promoting innovation, transparency, and sustainability.
The National Cooperative Policy 2025, with its focus on modernizing and expanding India's cooperative sector, is expected to stimulate growth in various business sectors, such as finance and industry, as cooperatives branch out into new areas like tourism, taxi services, and insurance. To achieve this, the policy encourages the establishment of efficient and future-ready cooperative societies in every village, which may provide financial services and foster economic growth in rural areas.
