The PM Narendra Modi government has created a new Ministry of Cooperation, for the purpose of realising the vision of 'sahkar se samriddhi' (prosperity from cooperation), the government said in a press release on Tuesday, 6 July.
This development comes ahead of the cabinet expansion likely to take place on Wednesday evening.
This ministry will provide separate administrative, legal and policy framework for strengthening cooperative movement in the country.
"It will help deepen co-operatives as a true people based movement reaching upto the grassroots," the press release on Tuesday said, adding that in India, a co-operative based economic development model is very relevant.
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Topics: PM Modi
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