Discuss the recent changes and initiatives related to cooperatives that aim to smoothen the tussle between the Centre and States in the cooperative sector.
Main Body
Recent changes and initiatives to smoothen tussle: (1) Ministry of Cooperation formed by Centre to act as bridge between government and cooperatives. (2) Legislative changes brought under 97th Constitutional Amendment 2011 to provide clarity or multi-state cooperatives. (3) Schemes like Operation Flood and White Revolution to enhance economic projects of cooperatives. (4) Ranchen of Farmer Producer Organization under Budget 2024 to improve collective bargaining among cooperatives. (5) Greater autonomy provided to primary agricultural cooperative societies by keeping them outside AMBIT and RBI. (6) Computerization of PACs and diversification of operations to non-banking use community service centers, Pani Samiti. Challenges with cooperatives: (1) Tussle due to sixth schedule and confrontational federalism. (2) Politicization of cooperatives. (3) Economic barriers to vulnerable sectors.
Conclusion
Cooperatives play a crucial role in grassroot empowerment and boost rural economy. Continuity of reforms along with measures in furthering of cooperative is the need of hour.
27 words
Monika Srivastava
Federal Structure - Functions, Responsibilities, Devolution of Powers and Finances
Centre-State Relations and Federalism
Cooperative Sector Centre-State Relations
147
Total words
1
Paragraphs
analytical and structured
Tone