Suresh Prabhu panel on cooperative policy to submit report in July

The 49-member committee chaired by former minister Suresh Prabhu that is working on a draft national co-operation policy has been asked to submit its report next month, taking into account the relations between the center and the state, as cooperatives are a subject of the state. Sources said potential recommendations may include establishing cooperatives at the national level and expanding Primary Agricultural Credit Associations (PACS), which the center has already announced.

An official statement said that Cooperation Minister Amit Shah shared his views when members of the committee, including Chairman Prabhu, met him on Monday. With the formation of the committee in September 2022, the sources said, Shah asked the committee to finalize the report and submit it in July. He also advised the committee to formulate the recommendations carefully, after taking inputs from stakeholders including states, central ministries and national cooperatives, according to the sources.

The current policy for cooperation was formulated in 2002; The Ministry of Cooperation said the need for a new national policy arose to deal with the changing economic scenario and fulfill Prime Minister Narendra Modi’s vision of ‘Sehkaar se Samriddhi’.

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“Based on the directives received from the Minister of Cooperation, the committee will prepare the amended draft,” the ministry said.

Committee members briefed Shah on the goals, vision and mission of the draft policy, along with key recommendations in various sectors, including structural and governance reforms, cooperatives as vibrant economic entities, equal opportunities for cooperatives, and sources of capital and funds. Technology, upskilling and training, sustainability plan and implementation.

Along with Prabhu are NCUI President Dilip Sanghani, NABARD President KV Shah, NAFCUB President Jyotindra Mehta, Anand Institute of Rural Management (IRMA) Director Umakant Dash, RBI Director Satish Marath and VAMNICOM Director Hema Yadav. the meeting.

Over 500 proposals were received from various stakeholders and the general public for the draft policy document. The statement added that the committee held more than eight meetings and consulted with various stakeholders to prepare the draft document.