NATIONAL CONFERENCE ON COOPERATION POLICY

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• Recently the National Conference on Cooperation Policy concluded in New Delhi.
• The conference was structured into six important themes covering not only the whole life cycle of cooperatives but also touching upon all the facets of their business and governance.

The panel discussions have been held on following themes:

1. Present legal framework, identification of Regulatory policy, Operational barriers and measures required for their removal leading to Ease of Doing Business and providing a level playing field to cooperatives and other economic entities.
2. Reforms for strengthening governance including cooperative principles, democratic member control, increasing member participation, transparency, regular elections, Human Resource Policy, leveraging International & National best practices, account keeping & auditing.
3. Multi Cooperative Vibrant economic entities by strengthening infrastructure, strengthening equity base, access to capital, diversification of activities, promoting entrepreneurship, promoting branding, marketing, business plan development, innovation, technology adoption and exports
4. Training, Education, knowledge sharing and Awareness Building including mainstreaming cooperatives, linking training with entrepreneurship, inclusion of Women, Youth & Weaker Sections.
5. Promoting new cooperatives, revitalising defunct ones, promoting cooperation among cooperatives, increasing membership, formalising collectives, developing cooperatives for sustainable growth, mitigating regional imbalances & exploring new sectors. 

Ministry of Cooperation

• The Government of India, under the guidance of the Prime Minister had carved out a new Ministry of Cooperation on 06th July 2021 with the objective to provide renewed impetus to the growth of the Cooperative Sector and realisation of vision from Cooperation to Prosperity.
• The ministry is working incessantly for development of the cooperative sector for formulation of new Schemes and the new Cooperation Policy.
• It will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country.
• It will help deepen Co-operatives as a true people based movement reaching upto the grassroots.
• It will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS).

Way Forward

• New areas are emerging with the advancement of technology and cooperative societies can play a huge role in making people familiar with those areas and technologies.
• Principle of the cooperative movement is to unite everyone, even while remaining anonymous. The cooperative movement has the capacity to solve people’s problems.

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT