Cabinet creates a new and separate “Ministry of Cooperation”

Cabinet creates a new and separate “Ministry of Cooperation”

In a historic move, a separate ‘Ministry of Co-operation’ has been created by the Modi Government for realizing the vision of ‘Sahkar se Samriddhi’.
This ministry 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.
In our country, a Co-operative based economic development model is very relevant where each member works with a spirit of responsibility.
The Ministry will work to streamline processes for ‘Ease of doing business’ for co-operatives and enable development of Multi-State Co-operatives (MSCS).
The Central Government has signaled its deep commitment to community based developmental partnership. Creation of a separate Ministry for Co-operation also fulfils the budget announcement made by the Finance Minister.

Cooperatives – Inserted in Part 9-B by 97^th Constitutional Amendment, 2011

It gave Constitutional status and protection to Cooperative societies.
It made 3 changes in the Constitution

1. Art 19: It made Right to form cooperative societies a FR.

2. It included a new DPSP on promotion of cooperative societies (Art 43 B)

3. It added a new Part 9 B (Art 243 ZH to Art 243 ZT)

State Legislatures (SL) may make a law on incorporation, regulation, winding up of cooperatives based on principles of voluntary formation, democratic member control, member-economic participation and autonomous functioning.
Tenure = 5 years (re-election within 6 months) and

Composition

SL may provide for the directors but the max no. of directors should be less than 21. 1 seat for SC or ST and 2 seats for women.
SL shall make provisions for co-option of persons having experience in banking, management, finance, etc. but it should be ≤ 2 in addition to 21. Plus, they won’t have the Right to vote in any election of cooperatives society or be eligible to be elected as office bearers of the Board.
Functional directors of cooperative society shall also be member of the board. They won’t be counted in 21.
Election of Members of Board: Shall be vested in a body as provided by SL.
SL may make provisions for maintenance of accounts and auditing of such accounts. Shall be audited within 6 months of close of FY.
This part shall apply to UTs. But Prez may direct that provisions may or may not apply to UTs.
These provisions shall also apply to multi state cooperatives.

Source: PIB

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