GS2PIB · Current Affairs
Sahkar Se Samriddhi
India's Cooperative Ecosystem Expansion
SP
Samachar Pathshala Desk
1 min
AI generatedIndia’s cooperative movement is rooted in the philosophy of Vasudhaiva Kutumbakam. Cooperatives provide shared ownership and mutual support across sectors like agriculture, dairy, and fisheries.
Established on July 6, 2021, the Ministry of Cooperation aims to strengthen institutions and unlock the cooperative sector's potential.
Celebrating its 5th Foundation Day on July 6, 2026, the Ministry showcased significant advancements, transforming 50,000 Primary Agricultural Credit Societies (PACS) into e-PACS.
The UPSC angle
GS2GS3
Growth and Impact of Cooperatives
Understanding the cooperative movement helps in evaluating rural economic policies.
Related dispatches
Ministry of Cooperation
Rajasthan CM launches ‘Bharat Taxi’ cooperative mobility service in Jaipur
PIB
Food Corporation of India storage under ‘world’s largest grain storage scheme’ in Punjab pending godown construction
PIB
White Revolution 2.0: Government to expand dairy cooperative coverage to uncovered villages by 2028-29
PIB
Expansion plan for new multipurpose/dairy/fisheries cooperatives covering all Panchayats: Targets and Margdarshika/SOP